Good morning everyone, Bitcoin, Ethereum, today's market analysis

#BTC I woke up to see Bitcoin pulling back to around 118300 after hovering around 119700 and then started to rally. This wave peaked around 121000 before starting a small pullback. This rebound is likely related to the cryptocurrency regulations discussed earlier, providing short-term stimulation to the market. Currently, the resistance above Bitcoin is at 121000, 122000, 123300, and the support below is at 119300, 118000, 116000, 115000. If you want to go long, you can wait for a pullback; the conservative approach is to watch 118000 first, while the aggressive traders can consider buying here if it doesn't drop further on the pullback. The conservative traders can wait for a lower entry below 116500. Although Bitcoin's low points are gradually moving up, it hasn't broken through the historical highs yet, and it is still in a consolidation phase within the large range of 123000-115000.

#ETH Ethereum had two pullbacks last night near 3365 but didn't drop significantly and started to rebound. So far, it has rebounded to around 3500 before starting another pullback, with the lowest pullback at around 3440 before rebounding again, peaking at 3490. Ethereum has now rebounded to the vicinity of the key resistance level. The areas of 3500-3600 are considered strong resistance zones. It won't be easy to break through quickly; as long as it stays above 3500, there will be pullbacks. Breaking through 3600 will not be that easy either. If it breaks 3600, it will gradually aim for 4000. Currently, Ethereum's resistance above is at 3500, 3550, 3750, 4100, and the support below is at 3430, 3360, 3300, 3200, 3100.

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