Cryptocurrency Daily K Analysis: BTC and ETH Investment Guide

Yesterday's K-line closing performance was good, with EMA60 support being effective. MACD shows that bearish momentum is weakening, and the market is slowly climbing, but still oscillating in the adjustment zone. It is recommended to short only at the boundaries of the oscillation.

ETH showed a bullish engulfing pattern on Sunday, with a large bullish candle yesterday, and the volume was stronger than Bitcoin. MACD volume is weakening, and there is no divergence in the 4-hour timeframe. The upward movement has not stopped and is currently in a pullback phase.

Key Levels:

BTC: Resistance Level 1 is 116,600 (near the 0.618 position + the closing price of the neck line entity); Resistance Level 2 is 118,000 (the resistance level after the pullback from 116,600); Support Level is 112,300 (bullish bat pattern), 108,800 (secondary support).

ETH: Resistance Level is 3814 (small pullback operation); Support Level is 3566 (bullish Gartley + overlapping wave high points, with a closing price above the entity having upward opportunities).

Follow the K-line analysis, see you at the peak! Stay tuned for daily point interpretations.