Epic market rally has begun! Institutions are frantically accumulating, and the bulls are about to be bloodied!
$BTC accurately touched the key support level of $106,820 last night and rebounded strongly, once again validating the importance of this support level. The price is currently fluctuating above $108,000, and short-term attention should be paid to the breakout situation at the resistance level of $109,000.
$ETH is relatively strong, currently stabilizing above $2,700. In the short term, it is expected to test the pressure level of $2,800. If it breaks through and stabilizes, the next target will point to the strong resistance area of $2,830.
From a technical perspective, BTC's daily level has gained buying support at the mid-band support, continuing the recent regular trend. The 4-hour level maintains a parallel channel, with both bulls and bears continuing to tug-of-war within the box. The MACD indicator shows that the fast and slow lines are merging near the zero axis, and the market is waiting for a new directional choice.
In terms of operational strategy, it is recommended to gradually position in ETH at the $2,780 range, with an initial target of $2,730. If it breaks below, it can continue to look down to $2,650. The recent market continues the classic trend characteristic of "support rebounds and resistance pullbacks". Pay attention to taking profits in batches to avoid chasing the price near resistance levels.
I will continue to position for the next Dan Shen Dan today; those interested can leave a message in the comments section.
