Technical Analysis: BTC

The daily chart shows a rapid rebound after testing around $102 yesterday, forming a long lower shadow bearish candle, indicating strong support below.

In the smaller time frames, multiple tests of this area have not broken through, and during the U.S. trading session, prices surged again, approaching previous highs.

The daily chart maintains a fluctuating upward structure, with candles still within an ascending channel, and the recent consolidation has gradually digested the technical divergence caused by the sharp rise at the beginning of the month.

On the 4-hour chart, after forming a double bottom pattern near $102, prices quickly surged, currently facing resistance near previous highs, indicating some selling pressure in the short term. For today's strategy, support is focused on the $104-$105 range, while resistance is seen at $1065-$1075.

Recently, BTC has been in a high-level consolidation phase; cautious operations are recommended and strict control of entry points is advised.

ETH: The daily chart has recorded two consecutive long lower shadow "hammer candles," indicating clear signs of a washout. The previously indicated key support level of $2350 for the phase adjustment (secondary level $2280) has been validated, with prices rebounding after accurately testing $2350 twice recently, completing a three-day bullish streak on the daily chart, with the lows gradually rising and technical indicators repairing the divergence with moving averages from the sharp rise earlier in the month.

On the 4-hour chart, after a quick rebound following the first test of $2350 in the early morning, a second test confirmed support during the Asian session, after which it entered a stable upward channel.

For today’s operations, focus on the $2480-$2510 support area, with the primary target above at $2600, and after a breakout, $2650 can be expected.