4.23.BTC.ETH.Midday Highlights

Currently showing a strong upward trend, the bulls are facing significant pressure. It is important to clarify that although the performance is strong, if the daily line cannot effectively break through the crucial level of 98500, the return of a bull market cannot be confirmed. For now, it can only be defined as a large-scale rebound.

Today, pay attention to the key level of 92500 for Bitcoin. As long as it does not drop below this level on the 1-hour chart, watch for important resistance zones at 93500, 95000, and 96300 above. If it drops below the support level of 92500 on the 1-hour chart, a 1-hour adjustment may occur, with support levels to watch at 91300, 90000, and 88915 below.

For Ethereum, pay attention to the key level of 1770 today. If it does not drop below this level on the 1-hour chart, watch for resistance levels at 1800, 1840, and 1850 above. If it drops below this level on the 1-hour chart, it may test support levels at 1740, 1715, and 1685.