Today's Market Analysis
$BTC Yesterday, Bitcoin opened high and then fell back, starting to rebound near the support marked by the bottom eye at around 106500. It has repeatedly tested 107200 resistance several times without breaking through, indicating that there is still significant pressure above! A pullback to the bottom is still needed to continue the upward momentum!
From the 1-hour chart, the support below is at 105070. As long as this position is not broken, it will continue to rise! Currently, the key resistance level is at 106800; only by breaking through this position can it continue to rise!
From the 4-hour chart analysis for the medium to long term, the upward trend has already emerged! As long as the 4-hour level pullback does not break below 103032, the upward trend will be established! Looking towards above 107200!
$ETH Ethereum also did not show much performance last night. After falling to the resistance level, it began to pull back, reaching a high of 2644, but did not break through the previous high, indicating that the pressure above is still very strong, with a clear need for a pullback!
From the 1-hour chart, pay attention to the key support at 2590 today; as long as it does not break below this, it will rebound! The resistance above is at 2655!
For those looking at medium to long term, watch the key support at 2561 on the 4-hour chart. As long as the 4-hour level pullback does not break below this position, it will still rebound! Target 2710!
Intraday focus: ANIME TRB ME
