Currently, BTC has entered a garbage time again, and today happens to be Thursday. This garbage time may last until next week. Brothers, take a break; we should be able to wait until next week to continue. There’s really nothing much to look at in the market.
BTC
The upper resistance during the day remains at the daily level resistance around 104000, and the lower support remains at 102500, 101200. As long as these two levels are not broken, the market will remain in a range-bound state. Currently, the lows are getting lower, and the highs are getting lower. Whether this will continue to oscillate downward and eventually break down is uncertain, although the general direction still looks bullish. However, there might be a retracement trend at the smaller levels. It is not advisable to blindly look for bearish positions until the lower support is broken. From the liquidation map, it can be seen that the bullish liquidity is relatively scarce below, while there is a lot of bearish liquidity around 106200. It is inevitable that the market will have a final spike to liquidate the bears at 106200 and then oscillate. When liquidity accumulates again, a new direction may emerge.
ETH
Currently, the bulls are still very strong, and a retracement has begun on the four-hour chart. Looking at the previous support-resistance swap level around 2550, as long as this position is not broken, the bullish trend remains strong. A rebound can be made at this position. If this position is broken, the next target looks towards 2400. ETH is highly volatile; if you’re not careful, you may get liquidated. If you want to trade, it's better to choose BTC.
