In the new month, the less senior continues to sit at the front line and provide clear direction!

7.1 BTC-ETH

Yesterday, the southbound movement was a great success! Bitcoin fell by 2000 points, and Ethereum also dropped nearly a hundred points. Although Ethereum experienced a spike in the early morning, the overall trend remains strong.

From the perspective of the market, the daily line closed with a long upper shadow in the form of a doji bullish candle, with clear resistance at 109000. The Bollinger Bands are narrowing, KDJ is turning down in the overbought area, and the MACD golden cross volume is slowing down, indicating a significant pullback is expected. Resistance levels for Bitcoin are 109000, 110000, etc., while support levels are at 106000, 104500, and 102000. Ethereum can be monitored for subsequent trend changes.

Bitcoin is expected to move south in the range of 1077-1083, targeting 1065-1050.

Ethereum is expected to move south in the range of 2500-2530, targeting 2440-2380.