#ETH
《Tariff Issues Continue - Current Market Analysis》
Today's pullback is due to news, as new tariff issues have been raised, and the price movement is quite controversial. The heavenly needle of Bitcoin reflects this issue. This pullback may be a good entry point for those who haven't accumulated positions at low levels, which is also the reason I advised against chasing the rise a few days ago.
The recent resistance for Bitcoin is around 112000. The hourly chart shows it has broken below the lower track and has entered a corrective phase. If it can stabilize at 108000, it will temporarily halt the downtrend; otherwise, it will continue to pull back. The support is around 105000. Pay attention to Bitcoin at this position; if it can hold above 108000, it will be an entry opportunity.
Ethereum's trend is slightly better than Bitcoin's, with support around 2530. If it can hold this position, it will also signal a stop to the decline. Observing Bitcoin's trend can help analyze the movements of altcoins.
PEPE has support around 0.00001420. Friends without positions can enter a small position at this level. Most other altcoins should focus on the key levels of Bitcoin and Ethereum mentioned earlier. When Bitcoin and Ethereum decline, altcoins will also fall. When Bitcoin and Ethereum rise, altcoins may not necessarily follow. Only after Bitcoin and Ethereum break through and stabilize will the likelihood of altcoins catching up increase. As Bitcoin reaches a historical high, it is essential to manage positions well.