$BTC
This kind of high-level fluctuation is most likely to confuse people! Don't chase highs!
ETH is advised to wait for a break below 2380 before shorting, better to miss than make a mistake. Preserving the principal allows you to wait for the next big market!
Bitcoin touched the key pressure level of 106000-108000 again, within the previously predicted range.
After a surge, it failed to hold its ground and is now consolidating at a high level.
There is obvious selling pressure near 108000, and the bulls cannot break through for the time being. The intraday support level is a key defensive line: if the 104000-102500 range cannot be held, the market is likely to test 101000-102000.
More importantly is the 100,000 psychological level. Once broken, the bears may completely "open the floodgates"!
ETH is not idle either: the price rebounded to the starting point of yesterday's big drop, stuck right at the "double top" position on the four-hour chart. Yesterday it touched a low of 2300.
But don't think it's bottomed out, this downward trend is not over yet!
Intraday resistance is at 2560-2600, first watch the 2450 support. If it continues to probe lower, focus on 2380.
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