Early morning market analysis:
Big cake
Currently rebounding at the 1-hour and 2-hour levels. Pay attention to the key position of 61200. Only when it stands at this position, the small level will drive the rebound at the 4-hour level. The upper target/pressure level is around 61800-62400.
If it fails to stand at 61200 in the early morning, it means that the rebound is not strong enough. Pay attention to the support level of 60780. If it does not fall below, it will still be a rebound market, and it is likely to fluctuate upward. If it falls below, all levels will enter a short trend again. The lower support level needs to pay attention to the positions of 60200, 59250 and 58200.
Ether
The current 4-hour level is in a short consolidation state. Pay attention to the key position of 3390. Only when it stands at this position, the small level will start to rebound upward. Pay attention to the upper target/pressure level of 3405, 3440 and 3478.
If it fails to stand at 3390 in the early morning, the market is likely to continue to decline. The support levels below need to focus on 3368, 3335 and 3283. $BTC
