Bitcoin continues to oscillate at a high level, experiencing weak rebounds. The four-hour level for Bitcoin has not been able to strongly break and stabilize at the $106,400 line, and it continues to oscillate in the $104,000—$106,400 range.
On the daily level for Bitcoin, a small bullish candle was formed yesterday, but there is significant resistance at the $107,000 line.
The strong resistance above is between $109,000—$110,000.
Ethereum's four-hour level is facing resistance and retreating at around $2,650, and it continues to perform a strong consolidation at a high level.
On the daily level for Ethereum, a small bullish candle was formed yesterday, indicating a demand for further strong pullbacks.
The strong resistance to watch closely above on the daily level for Ethereum is at the $2,750 line.
Above Ethereum, the $2,800—$2,850 range is the dividing line between bullish and bearish, as well as a densely traded area and a heavy pressure zone. Ethereum has been unable to strongly break and stabilize above this line for over 20 consecutive trading days.
In recent days, market activity has been relatively light. This Friday at 8:30 PM, there will be a report on U.S. non-farm payroll data, so please pay close attention.