Thursday BTC.ETH, Summary + Outlook
It is very important to remain calm when faced with a crisis. Turning danger into safety often requires a high level of intelligence and a good mindset. Respect to the people in the crypto community!
On Wednesday, Bitcoin showed a trend of initially declining and then rising: after a brief pullback at noon, it quickly rebounded after reaching the lowest point around 108300. In the afternoon, the overall trend was dominated by bulls, and in the evening, it surged strongly to the resistance level of 109700. Although there is a slight pullback currently, it is still operating at a high level.
Ethereum maintained a stepwise upward trend during the day, reaching a peak of around 2675 in the evening. The main bullish trend was also strong, and in the evening, the bears made their presence felt!
From the four-hour view, after a period of narrow fluctuation and accumulation yesterday, the market broke through the downward trend line and recovered to the upper range, highlighting bullish strength. Although there were pullbacks during the upward movements, the intensity was limited and did not push the market further down. Currently, it is operating near the upper range, and there is a possibility of a continuation breakout at the daily level, so it is still recommended to maintain a bullish outlook for midnight operations.
$BTC Bitcoin: Buy near 108500, target 110400
$ETH Ethereum: Buy near 2620, target 2680
