#NewsTrade Daily Market $ETH Analysis

A new week is here. Last week, Bitcoin closed with a big bullish weekly candle. I believe everyone who went with the trend made some profits, but I am sure there are still quite a few losses. There were the daredevils shorting, and over the weekend, there were the mindless longs! Have you noticed that no matter which direction you choose, you're losing money? Those who do not go with the trend will always be the 'chives' (easy targets).

$BTC is currently consolidating at the top. It has failed to break 105,000 three times, and each time it rose and fell, it took down a large number of traders, indicating that there is strong resistance above. It requires continuous pullbacks to gain momentum for a breakthrough. It's expected that we might need another spike to push through.

From the daily chart, the current support level is at 102,300. As long as it doesn't fall below this level, the bulls are still in control.

$ETH needs no introduction; it was the strongest performer last week, with frequent spikes of 100 to 200 points, similar to altcoins. It only started moving upwards after breaking below support yesterday. Today, pay attention to 2505; it needs to hold above this level on the 4-hour chart to continue moving up. The resistance above is at 2605, while the support below is at 2461 and 2420.

For intraday trading, the strategy remains to look for long positions on pullbacks, but be cautious of the support below.

$BTC