Evening Market Analysis
$BTC Bitcoin experienced a pullback after reaching a high this morning, and it only started to rebound in the afternoon after a gradual decline. However, the rebound strength is clearly not sufficient. The Sky Eye mentioned this morning that if it breaks below 105600, it would indicate that this wave of increase has ended and a correction will begin! I believe those who listened to the advice have already profited! Those still holding short positions can take partial profits and leave the rest for rollover!
From the hourly chart, as long as the US stocks do not break below 104800, which is a valid support, it will rebound. If it breaks below, then pay attention to 103600 as the second support! The current upper pressure is at 106500 and 107400!
$ETH Ethereum has not entered a unilateral market. After the high of 2649 this morning, it started to pull back, continuously declining until the effective support at 2600 was broken, rebounding around 2588, and is currently consolidating near 2600! It is important to note that Ethereum has now formed a pattern!
From the hourly chart, 2580 will be the effective support. If the US stocks drop below this level at the market open, it indicates strong bearish momentum! Conversely, if at the market open Ethereum can stand above 2627 for the first hour, it will rise! Looking towards the resistance level of 2680!
All operations are based on real market conditions! The market changes like wind and rain! Be sure to set stop losses! Focus on short positions!
If you still don’t understand, feel free to inquire!
