Friends watching the market tonight should pay attention to one point: the key moment for Bitcoin's current trend lies at the death line of 108100. If it can maintain a strong hold above this level for more than an hour, the bulls will have a chance to sound the counterattack horn. The subsequent resistance levels above at 109000-109750-110500 are battlegrounds for intense competition between bulls and bears; any slight movement will require complete vigilance. However, if it cannot break even 108075, it is likely a false move to lure in the bulls by the main players. The support levels below at 107200-106400-105300 could very well be targeted by the bears one by one. If these levels fail to hold, the market will likely continue to probe lower.
Let’s talk about Ethereum again. The price level of 2525 is a turning point, akin to a penalty shootout on a football field, where success or failure hinges on this moment. Once it stands firm, the short-term rebound trend will be basically confirmed. However, the resistance levels ahead at 2550-2585-2610 are all 'roadblocks,' and the bulls need to muster all their strength to break through. If it fails to break above 2527 for an extended period, the bears might take the opportunity to strike, first testing the support at the previous low of 2495. If this defense line cannot hold, the support range below at 2460-2430-2407 will become the last barrier. Each level breached could trigger a new wave of selling pressure, so we must be on high alert!
