Bitcoin, Ethereum, Today's Market Interpretation

1: 31,328,490,641 Bitcoin retraced yesterday down to around 102,000, having tested this level twice without breaking through. After the US stock market opened last night, it began to rebound around 102,500. The first wave last night pulled it up to 105,500 before a small retracement, then it continued to rebound to the morning's peak around 107,000. The one-hour high continued to retrace, and currently, it has retraced to a smaller support level around 105,500, where it is consolidating. The overall trend of the market is still an upward trend. After retracing, it will continue to rise towards new highs, and it's only 3,000 points away from the historical high of 110,000. Normally, the major players should aim for a new high; it's just a question of when it will rise and how long it will oscillate.

Resistance above Bitcoin is at 106,200, with key resistance at 107,000, and small support below at 105,500, 104,500, and 102,500.

2: 85,139,525,208 Ethereum also retraced to around 2,350 yesterday, tested this level twice without breaking down, and started to rebound. The first wave of rebound reached around 2,430 but did not break through, then started to retrace, hitting a low around 2,380. The second wave of rebound went up to around 2,540 before starting to retrace again, with the lowest point retracing to around 2,480, then starting a third wave of rebound. As of now, the rebound has reached the previous day's high point near 2,580, where it is starting to consolidate. The overall trend for Ethereum remains upward. As previously mentioned, as long as it doesn't completely break below the 2,270 level, there is still potential for further upward movement towards the new high target of 2,850. Therefore, the operational suggestion is to focus on buying at lower points during retracements. For larger positions, one can wait for retracements to around 2,400-2,350 to accumulate more positions.

Resistance above Ethereum is at 2,580, 2,650, 2,730, with small support below at 2,540, 2,510, 2,480, and key support at 2,400, 2,350, 2,310.

If my sharing is helpful to everyone, please like and share, thank you all for your support. 🙏