Today's market analysis shows that the trends of Bitcoin and Ethereum are crucial.
Looking at today, there is a slight rebound in the morning, with significant capital inflows on-chain driving it. The short-term downtrend on the hourly chart is still quite evident, and in the short term, it should be a high-level fluctuation with not much variation in the range. However, contracts should also manage their positions well.
Ethereum Cool General suggests going long on a pullback. Although there was a fluctuation close to 200 points overnight, it ultimately closed above 3500, with significant on-chain capital support. It is suitable to enter the market on dips in the short term, with support at 3380.
Bitcoin has a certain resistance level in the 119000 range. From the four-hour perspective, the trend is not developing in a favorable direction. It seems to be washing the recent capital pool. I suggest that those looking to go long should first reduce their holdings. For those looking to short, there is an opportunity around 120000 to enter, in case there is a breakout trend.
The influence of mainstream coins is the key point driving other coins. Today there are still two slots available. For those who want to join, I will provide one-on-one guidance on buying and selling points (please note contract or spot in your intention).
