Good morning everyone, wish you a happy weekend, today's market interpretation

1: #BTC Bitcoin pulled up to the key pressure point near 106500 yesterday afternoon, began a small pullback and consolidated around 105800 before rebounding. It did not drop directly. After the US stock market opened last night, it could not hold at 105800 and started to decline. This decline barely had any rebound and directly dropped to 102200 before starting to rebound. The high point from yesterday to the low point in the early morning fell by 4300 points. This rapid decline was also due to the news that caused a rise of 2000 points yesterday, followed by the US stock market opening up over 100 points due to news influence, and then it directly fell down. The US stock market dropped by 100 points, pulling the market down. The decline in the US stock market is mainly due to the ongoing war in Israel. Currently, the war is continuous, making it difficult to see a good upward trend in the market. If the market continues to use these events to wash out positions, this pullback directly broke through 100,000, then the lower low point will likely drop significantly, at least 90,000 is inevitable, and it wouldn't be surprising if it goes as low as 80,000. The current key defense position for the bulls is 100,000; if it breaks here, it's time to run.

The upper resistance for Bitcoin is 103500, 103800, 104500.

The lower support is 103000, 102600, 102000, 101500, 100500.

Operational suggestion: focus on short positions if the rebound does not exceed 104500.

2: #ETH Ethereum also dropped quite a bit last night, the high point was 2560 and fell down to around 2360, dropping 200 points. The decline was indeed significant, and many people got liquidated on Ethereum. The price movement of Ethereum is closely linked to Bitcoin; as long as Bitcoin does not continue to make new lows, Ethereum is unlikely to drop significantly. The main focus for Ethereum is on the pullback at 2270; as long as it does not break below this level, it can continue to go long. If it breaks here, the bullish momentum for this wave will essentially be over. During the day, pay attention to the rebound high point of 2450; if it cannot exceed this, remember to exit short-term.

Upper resistance for Ethereum is 2430, 2450, 2500.

Lower support for Ethereum is 2350, 2320, 2270.

Operational suggestion: if the rebound does not stabilize above 2450, continue to look for a downward test.

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