Bitcoin, Ethereum, Today's Market Analysis

1: #BTC Bitcoin surged to the strong resistance near 95,500 last night and began to pull back, reaching a low around 93,370 before bouncing back. The first wave of rebound reached around 94,000 but did not break through, leading to another pullback, with the lowest point again around 93,400 before bouncing back. The support level is still around 93,500, which has not been completely broken. During the second wave of rebound, it broke above 94,000, and as of now, it has bounced back to a high of 95,200.

The small resistance above Bitcoin is at 95,250, and strong resistance is at 95,700. Support levels below are at 94,300, 93,500, and 92,800.

The overall trend of the market is still leaning upwards from a broader perspective, but it is currently consolidating at a high level without a clear direction, hovering in the range of 91,500-95,500. From a larger perspective, the low points of Bitcoin are still rising at 91,500, 92,800, and 93,500. Although the lows have risen, the highs have not broken through, so it is still unclear when the strong resistance level will break and how long it will take. Personally, I feel that this kind of market pullback to a low point will be relatively safe. For building positions, it can be done in batches below 93,000. As long as the pullback does not break below 91,000, we can continue to look for upward movement.

2: #ETH Ethereum also started to slowly pull back from the high point of 1,826 last night, reaching a low pullback spike at 1,742 before bouncing back. The high point fell by 84 points, and then it started to rebound at 1,742. As of now, it has bounced back to 1,806, with some resistance around 1,810, which has not been broken yet. A breakthrough is expected above 1,820.

The resistance above Ethereum is at 1,810, 1,830, and 1,860, while the support levels below are at 1,775, 1,750, and 1,720.

The overall trend of Ethereum is also upward, but it is much weaker than Bitcoin. It is hovering in the range of 1,720-1,850. Personally, I feel that as long as the pullback does not break below 1,700, we can continue to look for upward movement. After a prolonged period, there is still a chance for a breakthrough. If it breaks below 1,700, then we cannot expect further upward movement. The strategy can be to focus on low buys in the range of 1,700-1,750 during the pullback.

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