BTC Bitcoin:
As predicted in the early review, BTC experienced a short-term rebound after hitting the key intraday support near 112,500. It then encountered resistance and fell back in the resistance area mentioned in the early morning, around 114,000-114,500, with the overall trend basically meeting expectations. This morning's trading session has tested that resistance zone again, indicating that the pressure in this area still requires close attention.
Currently, in terms of intraday structure, the support range to focus on is 112,500-113,000. If this is lost, the market may quickly drop to the 110,000-111,000 area.
It is worth reminding that last week it was indicated that "a big market movement is coming", and the current decline is still moderate; the risk has not been fully released, so vigilance is necessary.
ETH Ethereum:
ETH similarly rebounded from the short-term support of the 3500-3560 range as expected, and after rebounding to the resistance area of 3600-3650, it began to fall back. Overall, it is still in a fluctuating downward channel.
In the short term, we continue to focus on the support line of 3500-3560. If it breaks below 3500, it will open up greater downward space, with the next support focusing on the 3350-3400 area.
If the pullback further expands, we need to pay close attention to the daily-level support in the 3200-3300 range. If market sentiment weakens, the possibility of a rapid retracement to the 3000-3200 line cannot be ruled out.
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