Currently, from the daily chart perspective, Bitcoin has strongly rebounded to around 105000 after briefly breaking below 100000. The market is now consolidating at high levels, with the current short-term resistance at 107000 and short-term support between 105000-104000. Ethereum similarly dipped again to around 2100 before rebounding above 2400. The current resistance is seen at 2480-2500, with support at 2300-2250;
From the 4-hour perspective, Bitcoin has broken through the first resistance level of 104000-105000. Based on the top-bottom conversion, it can currently be viewed as support. The significant resistance above is at the 106500-107000 line. Ethereum has likewise broken through the resistance at 2350-2400, which can currently be considered short-term support, with resistance at 2480-2500;
Currently, after a deep test of the bottom, the market has strongly rebounded, effectively testing the support. It is recommended to continue to go long!
Trading ideas:
Go long on Bitcoin at the current price of 104500-105000, targeting 106000-107000, with a stop loss below 103500;
Go long on Ethereum at the current price of 2390-2410, targeting 2460-2500, with a stop loss below 2350;
