7.1 Afternoon Bitcoin and Ethereum Market Analysis!
The price of Bitcoin has not gone up since last night, instead it has decreased. Today, pay attention to the level of 107700 for a rebound. Only if it stabilizes above this level can we consider this 4-hour level pullback finished, and the market will continue to rise. The upper resistance levels to note are around 108780-109700-110670! If today’s rebound does not exceed 107700, it indicates that the small-scale rebound lacks strength, and it will continue to decline. The lower support levels to note are around 106320-104580-103190!
Today, pay attention to the level of 2460. As long as it does not break below this level on a pullback, the 4-hour level remains bullish. A small-scale pullback will still go up. The upper resistance levels to note are around 2500-2523-2545! If today the 4-hour level breaks below 2460, then the 4-hour level will start to pull back, continuing to decline. The lower support levels to note are around 2435-2406-2378!