Last night, the market showed a trend of shrinking volume and pullback, with traders who accurately grasped the rhythm reaping significant rewards.
Ethereum (ETH) dipped to a low of $1742 in the evening but quickly recovered the critical support level of $1753, rebounding to a high of $1810, resulting in an intraday fluctuation of $70. By strictly executing the strategy, a profit space of $30-50 could be secured.
Bitcoin (BTC) Key Levels
Support Levels: $91700/$89500/$88547
Resistance Levels: $96000/$97000
Currently, $94000 is the core observation level. If a significant volume breakout signal occurs, it is expected to trigger a significant downward trend.
Ethereum (ETH) Key Levels
Support Levels: $1675/$1585/$1500
Resistance Level: $1828
$1753 is an important dividing line between bulls and bears. After the price touched this level in the early morning, it quickly rebounded by $60. Today's focus should be on the gains and losses at this level. If it breaks, pay attention to support at $1705/$1675, with a key observation on whether a double bottom structure can form.
SOL Market Watch
Support Levels: $140/$133
Resistance Level: $167
It is recommended to focus on trading Bitcoin and Ethereum in the short term, as trading opportunities for SOL are limited recently.
Operational Strategy
As the end of the month approaches, the market is prone to extreme volatility. It is advised to adopt a quick in-and-out strategy to timely lock in capital and some profits while keeping a flexible base position to respond.
In the upcoming week, pay attention to the stabilization signals of some tokens pulling back to the MA30 and MA60 moving averages to capture new entry opportunities.
