Bitcoin, Ethereum, Today's Market Interpretation

1: 10,323,396,187 Bitcoin tested a low last night, dipping to the key support of 106,500, rebounding afterward, with a peak around 108,000 before starting to pull back. The low point rose and also rebounded by 1,500 points, then near 108,000 it started to pull back again, with the lowest point in the morning dipping to around 106,300, hitting a low again. As of now, it has rebounded to around 107,600 but quickly retracted. Currently, Bitcoin's overall trend is still leaning upwards, and we are just at the high point of the rebound, within the range of 106,500-108,000. If the pullback doesn't completely break below 106,500, we look upward. If it breaks below 106,500 and penetrates 106,000, we look downward. However, the end of the month is approaching, and since today is Friday, the weekend is coming soon. Tonight's market should have significant fluctuations, and a direction may emerge. The range of 106,500-108,000 may not necessarily continue to oscillate. Remember to set stop losses for high breakouts and for low breaks; absolutely do not hold onto positions.

Bitcoin Upper Pressure: 108,000, 109,200

Bitcoin Lower Support: 106,500, 106,000

2: 17,324,392,530 Ethereum tested a low of 2,392 in the early morning and started rebounding, peaking at 2,425 before pulling back again, then dipping to a low of 2,377 in the morning, quickly rebounding afterward. This position is just the low point of the 1-hour spike, rebounding because Bitcoin also dipped but closed back up. Ethereum is moving in tandem with Bitcoin. Currently, Ethereum's trend is in a consolidation range of the rebound high point of 2,370-2,500. Now, to break through the critical support above 2,500 still depends on Bitcoin. If Bitcoin does not break above 108,000, Ethereum will find it hard to hold above 2,500 without its own independent market. Therefore, for range trading, remember to exit at high points, and build positions again when it comes down. Enter at the position linked with Bitcoin.

Ethereum Upper Pressure: 2,450, 2,520

Ethereum Lower Support: 2,400, 2,370, 2,350

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