Daily K-line trend analysis: Bitcoin closed with a bearish candle yesterday, today's V reversal is driven by intraday moves rather than US stock trends, volume shrinking while rising needs attention. Currently, Bitcoin has two possibilities: the fourth wave correction has ended at 105,300, starting the fifth wave rise to the historical high of 112,200, or today it may peak at 0.886 and then continue to flat or zigzag correction waves for deeper retracement.
ETH Ethereum bullish butterfly under pressure from neckline and multiple resistances, 2,462 is the key resistance level at 0.618, reduce position to short with a stop loss on 15-minute breakthrough.
Previous Review: Yesterday's strategy of going long at 105,300 was perfectly validated, touching it then straight V reversal without looking back. First target 106,300 (1,000 points)✓. Second target 107,300 (2,000 points)✓. Currently up over 2,000 points, performance is very exaggerated.
BTC Resistance Level: 108,300 (Straight V reversal at 0.886 position, small position short, stop loss on breakthrough of previous high)
BTC Support Level 1: 104,500 (ABC correction wave prediction position, overly advanced for reference only)
BTC Support Level 2: Dynamic support level: Need to establish V reversal high point and calculate using Fibonacci retracement and extension tools$BTC
Ethereum Pressure: 2,462 (Bullish butterfly 0.618 resistance, breakout pattern rebound is limited)$ETH
For more detailed point analysis, please watch today's market analysis video, which includes detailed explanations and follows along with Aleng studying candlesticks, let's meet at the peak together! Follow for daily latest point interpretations!