Evening Market Recap | Bitcoin, Ethereum Key Level Watching Guide
Market Overview
Bitcoin and Ethereum both surged in the evening. Bitcoin touched around 11320 before starting to pull back, while Ethereum showed stronger performance, breaking through the preset first resistance level, reaching a high of 4230, just one step away from the second target of 4345, before pulling back alongside Bitcoin. Currently, the price is still away from the liquidation zone below, giving both sides time to operate.
Operational Strategy
· Bitcoin: Consider entering when it pulls back to the 1125-1118 range; 1118 is currently the key support level. If it breaks below this, the trend may weaken. The target is set towards 1133-1138, with 1138 having accumulated momentum for a day, requiring volume support to break through.
· Ethereum: Consider entering when it pulls back near 4164, with a target of 4235-4248, noting that there is selling pressure above 4240.
Precautions
Recent volatility has increased, so be sure to protect operations at key positions, avoiding chasing highs and cutting losses. Pay attention to overall market sentiment and fund flows, and respond flexibly. $ETH
