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Bitcoin, Ethereum, today's market interpretation
1: #BTC走势分析 The big coin rebounded after hitting the key support level around 100300 yesterday, reaching the high point of last night, peaking around 105300, basically recovering all of yesterday's decline. It can be said that the rebound is very strong; this is what is called waking up from a sleep, the price of the big coin hasn't changed, but the position has disappeared.
Last night, the big coin retraced near the high point of 105300, touching a low around 104000 before starting a small rebound and consolidating. Currently, it is hovering around 104300, with upper resistance at 104800, 105300, 105800, 106500, and lower support at 104000, 103500, 103000. The operational strategy for the big coin is to rebound in the 105000-106500 range, primarily short positions, with stops set in the 103500-102500 range.
2: #ETH The second coin also moved in tandem with the big coin, rebounding after hitting a low around 2370 during the day yesterday, peaking at around 2530 before starting to consolidate and retrace. It pulled up by 150 points from the low, and 2530 is just the resistance level. It briefly pierced through but did not officially break through, so it has come down. Currently, Ethereum's performance is relatively stronger than that of the big coin; this round of big coin retracement has already reached around 100000, while Ethereum has not yet touched 2300. Normally, it should pierce through these levels.
For Ethereum, the upper resistance to watch is 2530, 2580, 2650, 2680, 2750, 2780, 2850, and the lower support is at 2450, 2400, 2350, 2300. The operational strategy for Ethereum is to mainly short in the 2650-2750 range, with stop losses on breakthroughs, and to mainly long in the 2450-2350 range, with stop losses below 2300.
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