Bitcoin (BTC) and Ethereum (ETH) market analysis:
$BTC 's daytime forecast shows high-end broad range swing potential on the 4-hour chart with a possible pullback. Just now, Bitcoin price suddenly dropped sharply, showing a very smooth trend! If the decline continues tonight, keep an eye on support levels at 63280-62360. As long as it does not break below 62360, the price could recover and rise, as this was the previous low point. If broken below, the next support level is around 61670-60655. If it recovers, the above resistance will be between 64120-64650. Price must close above 64650 on the 4-hour chart to have a chance to continue rising, with the main target being between 64650-65400!#BTCtrend analysis
Daytime analysis of $ETH indicates that the 4-hour chart has had a retracement. In the afternoon, after breaking 3480, it started falling again, directly reaching the vicinity of the first anticipated support level. If it continues to fall tonight, watch support levels at 3375-3330. As long as it does not break below 3330, it could bounce back, as this was the previous low point. If it breaks below, it could test support around 3289-3239. If it rallies, upper resistance is at 3433. It must close above 3433 on the 4-hour chart for the market to continue rising, with key targets between 3480-3516!
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