Today's Market Analysis

Yesterday, after the US stock market opened, Bitcoin (大饼) fell to support around 103800 and then rebounded. Without breaking the support level, it slightly rose to around 105300 and consolidated. At 1 AM, when everyone was asleep, it began to spike; this highlights the importance of having stop-loss orders while sleeping. At least it won't let you wake up to a zero balance!

Currently, Bitcoin is consolidating around 106800. As long as the 1-hour line does not break below 105800, it indicates that the bulls are relatively strong. Pay attention to the upper resistance at 107800; if this level is broken, there is a chance to reach new highs! If it does not break and retraces below the support, then it is time to go short!

Ethereum (以太) did not show signs of rebound yesterday after the US stock market declined like Bitcoin; it only showed divergence after falling to 2438 on the 1-hour line. It wasn't until this morning that it retraced near the resistance level. Now, pay attention to the upper resistance at 2586. If the 1-hour line can hold above this, it will likely retrace and continue to push higher. If it cannot hold, it will test the lower support at 2480; if it does not break, it indicates that the bulls are still in control!

There was a sudden spike just now! Everyone can set stop-loss orders and lightly go long on the pullback because this wave belongs to the whale (狗庄) pushing the price up to sell off. However, most people are chasing shorts. If you were the whale, what would you do? As long as you are not greedy, there are still opportunities for short-term longs!

Pay attention to: SXT WCT MUBARAK

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