#ETH
《Volatility Trend — Additional Buying Needs to Wait》
Bitcoin has not moved out of the trend today, with support around 92800 and resistance around 95500, fluctuating within this range. The 4-hour trend shows support at 93400, which has already shown a downward turning trend, coupled with the two shooting star candlesticks on the 3-day line, signaling a potential short-term peak.
In terms of Bitcoin trading, focus on the 93400 position. Once it falls below this, it will enter a bearish trend, and the probability of bouncing back to the 92800 support will decrease. The first target is the 91200 position; if the 90000 level cannot hold, it will further drop to around 87600.
Ethereum has fallen again today, with the 4-hour chart showing strong resistance at around 1770. Today's decline has broken through the 1750 support, with further support around 1720. Ethereum is also being suppressed by the resistance of the 3-day line, and during this correction, the resistance has decreased from around 1850 to around 1830.
For Ethereum trading, focus on the 1770 position, which is a dividing line between bullish and bearish. Further support is at around 1720; if this position is breached, the price will drop back down just as it rose, with the trend heading towards around 1660.
A reminder for everyone: this week has a lot of data, including ADP employment figures, annual PCE price index, unemployment claims, unemployment rate, and non-farm payroll figures, all to be announced this week.
Continue to follow TACO, which updates the current market trends daily and provides rational analysis right after each data release, offering valuable reference information. Looking forward to meeting you.
