5.3.BTC.ETH.Midday Highlights

Yesterday, it was mentioned that if Bitcoin couldn't break through the upper edge of the sideways range, it would still maintain a fluctuating pattern in the short term. Although there was a spike upward, it was ultimately pushed down, and it has now retraced to the support area near 963. As long as this position is not effectively broken, there is still a chance for a short-term rebound, and it is expected to test the top of the sideways range again. However, only a true breakthrough of the top may further open up upward space. Looking back, since Bitcoin started from the 745 level, it has been continuously rising for nearly a month, especially in the second half of the trend, which has been very strong, with no decent pullback at all. If a sharp drop occurs, short-term support can be focused on the 93100, 91500 areas. If 91500 is lost, the space for a pullback will further expand.

Today's focus for Bitcoin is on the key support level of 96350. As long as the 4-hour period is not effectively broken, there is still a chance to rise after a retracement. The upper pressure levels to watch are 97400, 98550, 99450, and 100500. If the 4-hour period breaks this key position, it indicates that an adjustment may begin, with short-term support looking toward the 95460, 94200, and 92980 areas.

Ethereum spiked last night to the first resistance before retreating. Today, the key observation is the support situation at the 1830 level. As long as the 4-hour period holds this position, there is still a probability of continuing to fluctuate upward, with upper pressure focusing on the 1875, 1905, and 1930 areas. If the 4-hour period breaks this key position, it confirms the entry into a pullback rhythm, with support areas looking toward 1805, 1765, and 1730.