Bitcoin and Ethereum Market Analysis Today
In just a few days, Bitcoin has reached 95,000. You can see that Bitcoin's daily chart shows strong bullish candles, giving no opportunity to the bears. I believe the bears at 88,500 are having a tough time. After a week of increases, the volatility was small over the weekend, so let's watch for a pullback. Don't chase the highs again unless you're trading very short-term.
With so many market cycles, those who trade should understand that following the trend is very important. When you incur losses, it is often because you are adding positions against the trend, always thinking that after rising so much, it must go down, or after dropping so much, it must go up. This kind of thinking should be reflected upon and changed. The end of a trend does not happen so quickly.
Bitcoin at 95,000, while Ethereum couldn't even touch 1,830 last night. Also, you shouldn't short Bitcoin, which is strong, while going long on Ethereum, which is weak. If there’s no volatility, focus on reviewing past trades and reflecting.
Bitcoin's upper resistance levels:
95,500 96,100
Lower support levels:
93,000 91,900 nearby
Ethereum's upper resistance:
1,830 (if it fails to break through multiple times, be bold to short)
Lower support:
1,755 1,720 1,680 nearby
