Today's Market Analysis
$BTC Bitcoin fell directly to 103600 after the US stock market opened yesterday and started to rebound! Why did it only fall to 103600 before starting to rebound? The news these days has been hinting that interest rate cut expectations are continuously decreasing, and it turns out the whale was targeted for a liquidation! After the liquidation, it started to rebound and hover around 106000!
From the 1-hour chart analysis, as long as Bitcoin can stay above 106780, it proves that the bulls are strong. The first support below is at 105600; if it breaks below this level on the hourly chart, it indicates the end of this upward trend and a potential correction, paying attention to the 103600 support!
From the market analysis, as long as the effective support at 102000 is not broken, Bitcoin will continue to rise; if it breaks below, we will look towards the key support at 99800.
$ETH Ethereum's performance these days compared to Bitcoin is indeed quite strong, rebounding shortly after the US stock market opened without much of a dip, rising continuously to today's high of 2649! Currently hovering around 2632.
From the 1-hour chart, the current resistance is at 2649; as long as it can stay above this level, it proves that this rebound is not over. The effective support below is at 2600; if it breaks below this level on the hourly chart, it indicates the end of the rebound!
$SOPH A consumer-centric entertainment blockchain has surged since yesterday, reaching a high of 0.71 today before starting a correction! Tianyan suggests it can be bought low! When there are no opportunities in mainstream projects, Tianyan will also look for opportunities in altcoins!
Intraday focus: RPL LQTY SYRUP
