Bitcoin, Ethereum, today's market interpretation

1: Bitcoin surged to the pressure level of 109,000 in the early morning but did not break through completely, starting to pull back. It first pulled back to around 108,200 and then continued to rebound, hitting a high near 108,900 before pulling back again. The second wave of pullback directly broke through 108,000, hitting 107,300 and then rebounding back to 108,000 but did not break through, starting the third wave of pullback. The third wave of pullback directly hit 106,000 and began to rebound, reaching a high of 107,700, then starting to pull back again. The drop from last night's high to low was almost 3,000 points. When I woke up early in the morning, I posted that if Bitcoin stabilized at 108,000, we would continue to look upwards; if it broke down, we would continue to see pullbacks and consolidation.

The early morning drop is directly related to the war between Israel and Hamas. Although it also surged to key pressure, there would be pullbacks, but without Trump's comments, Bitcoin should still be consolidating in the range of 109,000-108,000 today, not dropping so quickly. However, Trump's call for everyone to evacuate Tehran, the capital of Iran, accelerated the market's decline.

Bitcoin's upper pressure levels are 108,000 and 109,000, with lower support at 107,000 and 16,500.

Bitcoin operation suggestion: If it stabilizes at 106,500 in the pullback, continue to look for upward fluctuations, with the range first looking at 106,500-108,000. If it breaks below 106,500 without stabilizing, continue to look downwards.

2: Ethereum also moved with Bitcoin in the early morning, surging to a high pressure of 2,680 before pulling back, with the lowest point dropping to around 2,525 this morning. The high point dropped by 150 points. This pullback was relatively quick, and the gains from yesterday were mostly reversed. Ethereum's pullback to around 2,520 is also close to the low point; if it breaks through here, it will go to around 2,450 and won't drop significantly at once. A complete break below 2,400 will lead to a continued downward trend.

Ethereum's upper pressure levels are 2,620, 2,680, and 2,730, with lower support at 2,550, 2,480, and 2,450.

Ethereum operation suggestion: If it pulls back to 2,400-2,450, continue to focus on long positions; if it breaks below 2,400 without stabilizing, then exit.

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