The battle between bulls and bears escalates! Key levels for BTC and ETH are about to be triggered, and the next wave of market movement may ignite.
Market Analysis for Today
Today's core focus for BTC is the 116,000 line, which is the dividing point for bulls and bears!!!
If there is a pullback that breaches and stabilizes below 116,000, it is likely to open a downward channel, with a further target looking at 114,300.
If effective support is gained at 116,000, it is highly probable to maintain an oscillation within the upper range of the box, with the pressure level looking towards 119,000.
Today's key focus for ETH is 3,940. If it breaks through again and maintains above it, the market may continue to impact the strong pressure range of 4,000–4,100.
Support below is at 3,800, which was tested multiple times yesterday but not effectively breached. If it falls, it will accelerate the decline, targeting 3,730.
