Regarding Bitcoin's recent pullback, it currently appears not to be completely over. Everyone should pay attention to the two resistance levels above Bitcoin: 115700/116900, which are key points. If successfully broken, then this round of pullback will end, forming a reversal on the daily level and showing a bullish trend.
Many people are discussing the factor of interest rate cuts now. To be honest, I have mentioned this before, and my expectations for it are not very high at the moment. Everyone has their own opinions.
$BTC Looking back at today's market, for Bitcoin, the position at 113300 can stabilize above this level on the hourly chart. Even if it can pull back now on the hourly level, it can only be considered a normal correction. It will continue to break upwards later. Pay more attention to 114350/115850 and finally 117200 above.
But if it breaks below 113300 today, then this round of rise will be a false signal, and it will fall again. The first support below is still the 112500 we mentioned earlier, and then there are the previous lows of 111800 and the round number of 110000.
$ETH For Ethereum, today's core position is around 4260-50. Currently, it is in a pullback trend on the hourly level. As long as it does not break this key position, there shouldn’t be any major problems. There is still potential for upward momentum, and one can also try here. Pay attention to 4370 and 4480 above.
If it breaks below 4260-50, which is the middle track position on the hourly level today, then the subsequent movement will be more inclined towards a pullback on the hourly level. The support below is at 4215/4160 and 4100. Overall, the short-term trend cannot be separated from the defense of key levels. You can take this as a reference, just keep it in mind.
