Wednesday Morning Thoughts
From the current daily K-line perspective, the Bitcoin consolidation shows a two consecutive bullish candles with a focus on the resistance around 110000 above, and a small support around 105500 below, with secondary support at 101200. From the four-hour structure, Bitcoin consolidation is showing a divergence with consecutive bullish movement upwards. Focus on the resistance around 107500 above, and support around 103000 below, with secondary support around 98600. From the one-hour structure, Bitcoin consolidation shows an increase, with support around 104600 below. The short-term trend is gradually moving upwards in a step-like manner.
For Bitcoin, a pullback to around 105700-105200 is expected, targeting 107500-108000 above.
For Ethereum, a pullback to around 2435-2405 is expected, targeting 2500-2550 above.
From the current daily K-line perspective, the Bitcoin consolidation shows a two consecutive bullish candles with a focus on the resistance around 110000 above, and a small support around 105500 below, with secondary support at 101200. From the four-hour structure, Bitcoin consolidation is showing a divergence with consecutive bullish movement upwards. Focus on the resistance around 107500 above, and support around 103000 below, with secondary support around 98600. From the one-hour structure, Bitcoin consolidation shows an increase, with support around 104600 below. The short-term trend is gradually moving upwards in a step-like manner.
For Bitcoin, a pullback to around 105700-105200 is expected, targeting 107500-108000 above.
For Ethereum, a pullback to around 2435-2405 is expected, targeting 2500-2550 above.
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BTC
107,847.94
+1.54%
ETH
2,484.48
+1.70%