Yunmeng Web3 provides daily market trend analysis. Welcome everyone!
Market Analysis——
Good afternoon, brothers! It's been two or three days since I last updated you on the market. But in my last article, I mentioned that we should watch which side of the consolidation area Bitcoin breaks first to determine the market's direction. Surprisingly, Bitcoin is still rising. I haven't checked for a day and it's directly at 98. Is this a real bull return or just a trap? Let's discuss today's market analysis.
$BTC Bitcoin is currently at 97000. It needs to hold this position to start rebounding. The upper resistance levels are 97510, 98050, and 98800. If it cannot maintain 97000, it will go down, with lower support levels at 96370, 95270, and 94650. If Bitcoin breaks below 95270, the market will turn, so everyone should pay attention!
$ETH Ethereum is currently at position 1847. It needs to hold this position to continue rebounding. The upper resistance levels are 1866, 1886, and 1905. If Ethereum cannot maintain position 1847, it will go down, with lower support levels at 1825, 1808, and 1775.
Now, I want to say that, regardless of whether this market cycle is a bull return or a crazy bull run, it doesn't have much to do with us. You just need to know that as long as you are day trading, don't overextend yourself. There will be another meeting in a couple of days, so everyone should pay attention!
