Good morning, everyone! Today's market interpretation is here.
1: The big pie (Bitcoin) rebounded to a high point of 105300 last night but couldn't hold it. Just now, it encountered pressure from above and began to pull back. The first wave of pullback reached around 104000 and started to rebound, with the highest rebound again hitting around 105000, then it began to pull back again. The second wave of pullback hit around 103500 and started to rebound, reaching a maximum of 104600 but couldn't go higher, so it continued into the third wave of pullback, which again pulled back to around 103500 and started to rebound. The rebound peaked just now at 105200 before continuing the pullback, hitting around 104500. Currently, everyone is in the range of 103500-105300, experiencing fluctuations. If it breaks upward past 105500, the big pie will attempt to reach the range of 106000-106500, but to continue moving upward, it must stabilize at 106500 to see a larger upward potential.
Resistance levels for the big pie: 105300, 105500, 106000, 106500
Support levels for the big pie: 104500, 104000, 103500
Operational suggestion: You can buy in batches at pullback support to capture the rebounds. For high points, look to take profits at 106000-106500.
2: Ethereum started to pull back from a high point of 2540 yesterday. The first wave of pullback reached 2465 and began to rebound, with the highest rebound again hitting around 2540 before continuing into the second wave of pullback. The second wave pulled back to around 2465 and started to rebound again, peaking at 2520 before starting the third wave of pullback, which pulled back to around 2570 before rebounding. Just now, it peaked at 2545 and continued to pull back, with a recent dip to around 2505, experiencing a rebound. Currently, these positions for Ethereum belong to a critical area that broke out from the low point of 1900. If it can stabilize between 2400-2500, it can continue to look upward. If it breaks below 2400 and cannot stabilize, it will be difficult to trade long.
Resistance levels for Ethereum: 2550, 2580, 2620
Support levels for Ethereum: 2500, 2450, 2400
Operational suggestion: For positions above 4 hours, Ethereum pullbacks to 2470-2400 are all positions to build long positions in batches, with high points aiming at least for 2550-2600 as a conservative target.
If my sharing is helpful to everyone, please like and share. Thank you all for your support.