The BTC market is once again touching the high resistance zone and is about to come down, but it is not a very weak market. The price of Bitcoin itself currently has little selling pressure. The previous high can be considered a resistance level, but the current price can also be seen as a new breakout value for the market. What everyone is looking forward to is reaching 110,000, but the market conditions do not allow for other assets to take off. So even if Bitcoin can reach 110,000, it would only be a few thousand points of fluctuation, which is not very useful. Therefore, we must wait for Bitcoin to fill the gap, which means we need to see when the current support level of 100,000 breaks. It is expected to break in the next few days, around the 21st to 23rd. The gap is between 92,000 and 96,000, and the key is to focus on the range of 90,000 to 92,000.
As for ETH, the weakness of the market doesn't need much explanation. Today it fell to around 2,300 with a spike rebound. This drop has directly taken it down by about ten points. According to the current intraday support level, we can focus on the support around 2,380. If this level is broken, the market will continue to touch the lower defensive support range of 2,160 to 2,230, which is also critical. Currently, if the intraday support of 2,380 breaks, we should first pay attention to the levels around 2,300, 2,280, and 2,320, which are near today's low. The upper resistance has been clearly mentioned last week, in the range of 2,600 to 2,650. Last Friday, it peaked at around 2,650 before retreating. Yesterday, it rebounded near 2,600 points, and today it has dropped sharply. Therefore, the current resistance is also declining. According to the current daily resistance level, we should focus on the range of 2,480 to 2,520, while the intraday resistance can slightly focus on about 2,460.