Today's market analysis
Bitcoin ($BTC )
If the price of Bitcoin stands above $54,500, it will rebound upward within two hours. The first pressure level of $56,000 has been reached, and the current rebound trend of Bitcoin at the 1-hour and 2-hour levels is obvious.
Today, we need to pay attention to the position of $55,900. As long as it stays above this position today, the rebound at the 4-hour level will start, and the small level will also start to rise. The pressure levels above the rebound are $57,315, $58,300 and $59,400 respectively.
If it fails to stand at $55,900 today, we need to pay attention to the position of $53,880 below. As long as it does not fall below this position, it may still fluctuate upward after sideways consolidation. If it falls below $53,880, the rebound at the 2-hour level will fail, and the support levels below are $52,480, $51,500 and $50,530 respectively.
Ethereum ($ETH )
If the price of Ethereum stands at $2435, it will rebound upward within two hours. The first pressure level of $2503 has been reached. Currently, Ethereum has a clear rebound trend at the 1-hour and 2-hour levels.
Today, we need to pay attention to the position of $2545. As long as it stays above this position today, the rebound at the 4-hour level will start, and the small level will also start to rise. The pressure levels above the rebound are $2693 and $2795 respectively.
If it fails to stand at $2545 today, we need to pay attention to the position of $2420 below. As long as it does not fall below this position, it may still fluctuate upward after sideways consolidation. If it falls below $2420, the rebound at the 2-hour level will fail, and the support levels below are $2310, $2223 and $2148 respectively.