#ETH
《Trend Changes — Current Market Analysis》
Yesterday, the market was overwhelmingly red, spreading panic throughout the entire market, while the support for Bitcoin and Ethereum remained strong. Today, the market has regained vitality and is experiencing a rebound, but it is now more important to pay attention to potential pullbacks.
The 4-hour trend for Bitcoin seems to have touched resistance around 110500 and has begun to retreat. Currently, support is around 108500, and the hourly chart is about to show direction, presenting a trend of oscillating decline. Friends with heavy positions need to reduce some holdings to avoid the risk of a pullback. Today's surge has established critical support for Bitcoin around 105000; if it breaks below this level, one should reduce most of their positions.
Ethereum has been dragged down by Bitcoin's retreat and is now at the support around 2540. If it goes further down, the 2500 level will face another test. Fortunately, the hourly chart shows signs of recovery, and the 2540 level is also quite critical. Keep an eye on the 2480 level for Ethereum; if it breaks below, reduce most of the positions.
A recommendation for friends who missed out the other day, JUP, is to add positions around 0.55, and it is now profitable. Its strong resistance is at 0.62, which it has struggled to break through. Cautious friends can also reduce half of their positions here and wait for Bitcoin and Ethereum to establish a new trend before making further decisions.