Good morning everyone, Bitcoin, Ethereum, today's market analysis

1: #BTC Bitcoin surged to the resistance of 108500 yesterday but failed to break through and began to pull back, touching a low near 107000 without breaking down and started to rebound. It recently hit a high close to 108800. Currently, Bitcoin faces strong resistance at 109200; if the rebound here cannot break through, it will continue to pull back. The weekly line closed at 8 AM with a large bullish candle, the low was around 99500 and the high was 108500, a fluctuation of 9000 points. This kind of volatility is also affected by news, as the war in the Middle East led to Bitcoin's decline, and now that the war has stopped, there is a strong rebound. The key focus now is on how the monthly line will close at 8 AM tomorrow—whether it will continue to break through to the high around 110000, or if there will be a surge tonight, only to pull back again by tomorrow morning.

Bitcoin's upper resistance is at 109200, 110300, 110800, 111300, and 112000. It is not recommended to go long in the 109000-112000 range; instead, one can lay out short positions at each resistance level, with stop losses on breakouts, and continue to open positions towards the next support.

Bitcoin's lower support is at 108000, 107000, 106500, and 105800. If it breaks below 106000, we will look downward.

2: #ETH Ethereum had a spike that hit 2406 earlier and has since pulled back and rebounded. This rebound is quite strong, directly bouncing above 2500, with the high reaching around 2524 from the past two days. It is currently consolidating at a high level without showing a downtrend. The key strong resistance for Ethereum is at 2560; as long as it cannot break above here, it will continue to pull back. If Ethereum is correlated with Bitcoin and Bitcoin does not break above 109200, then Ethereum will not break through 2560. If Bitcoin breaks through, Ethereum will follow, unless Ethereum has its own independent trend; if not, it will have to rely on Bitcoin's breakout for Ethereum to follow.

Ethereum's upper resistance is at 2560, 2620, 2680, and 2730.

Ethereum's lower support is at 2480, 2450, and 2370.

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