On June 25, 2010, BTC broke through 107000 and stabilized, continuing to rebound in the short term. Opportunities or risks with continuous bullish factors?
On June 6th, Bitcoin fell to 100305, then rebounded all the way up, and this afternoon directly broke through 107000, also returning to the previous high volatility area, reaching around 108000 at the time of writing. 107000 is a support-resistance exchange level, and there has been a short-term breakthrough, so for now, we still look for a rebound, unless it falls back below 107000 to turn bearish.
Regarding the Nasdaq 100 index, it rebounded close to its previous high, just a point or two away, and the S&P 500 index is also very close. The only index with some room left is the Dow Jones. Therefore, looking at the previous two indices, it is not ruled out that new highs may be created, with overall performance being exceptionally strong.
Bitcoin
Since June 6th, Bitcoin has shown exceptionally strong performance, mainly influenced by the strength of the US market, making it hard to drop. 107000 is a support-resistance exchange level, and as long as it maintains above it, we can continue to look for a rebound; otherwise, there may be a pullback.
From the pullback perspective, it has not fallen below Fibonacci 0.236. Although there was a spike down to around 100000, the overall trend is still a weak pullback. For now, it has not dropped to the medium- to long-term layout opportunities we mentioned at 94000 and 98000. The daily line has stood above the Bollinger midline, so there is a chance to touch the Bollinger upper line, which is near the previous high.
Support: 100000—103000—107000
Resistance: 110000—112000
Ethereum
The weekly outlook for Ethereum has not changed; it still maintains a pattern of throwing bricks to attract jade, and there is still a proportional rise below 3300 or even 4000 in the future.
The daily line has been volatile for about a month, and this week, it still cannot be ruled out that it will form a doji star. In the short term, it is still moving in a sideways manner. If there is an opportunity to drop to 2300 or even spike lower, it can be a medium- to long-term layout opportunity, while short-term accumulation in batches still has chances.
Support: 2100—2200—2300
Resistance: 2800—3300—4000
