#ETH
《Market Early Report———Current Market Analysis》
A new week has begun, and the trends of Bitcoin and Ethereum are running as we expected. Last night, we mentioned that for Bitcoin, we should first pay attention to the position of 92800 during the pullback. This morning, Bitcoin's pullback reached a low of 92800 and then started to rebound.
Today, the market's fluctuation will not be too large during the day. This rebound of Bitcoin is also weak. If it continues to probe lower, the probability of 92800 holding will decrease, and further support is around 90700. This morning's rebound has shown signs of the trend turning upwards, but whether it can sustain this needs continuous observation.
Ethereum's performance remains relatively weak. Last night, we mentioned that during the pullback, we should first look at the support near 1760. This morning, it reached a low of 1752, which was oversold, turning the previous support around 1770 into a small level of resistance. Further down, there is support near 1710. Only by standing above 1770 can we expect a return to 1800.
Most altcoins have also experienced a considerable pullback. Once Bitcoin and Ethereum stabilize, I will post updates on the replenishment positions. In the absence of a market reversal, entering on the right side with stable profits is better than anything else.