Bitcoin (BTC)
After Bitcoin breaks through the previous high, the possible high point is the 113,000 - 114,000 range for three reasons.
First, the highest stop mark of the Shark Harmonic is near Fibonacci 1.13, which corresponds to the range of 113000 - 114000.
Second, under the Bitcoin arithmetic coordinates, the current corresponding point of the historical upper edge area is roughly around 113,000 - 114,000. Of course, this changes with time, and it happens to overlap at present.
Third, the upper edge of the hourly level pattern is also around this position.
Therefore, the pressure level after Bitcoin reaches a new high is approximately 113,000 - 114,000.
Ethereum (ETH)
ETH may encounter resistance around 3000, which is also a technical position for reducing positions.
There are two reasons.
First, this is the historical upward trend line (the lower edge of the rising channel), and if the market rebounds to here, it will be a strong resistance level.
The second is the 0.618 position of the Fibonacci rebound, and the corresponding point is around 3000.
The conclusion is that ETH can consider technical reduction of positions around 3000.
Altcoins
The overall market value of altcoins has a head and shoulders bottom structure here. It rebounded after a pullback. The theoretical target is at the upper white line, which is also the historical downward trend line.
Therefore, altcoins as a whole are still in a rebound, and we should pay attention to the risk of pullback after reaching the target position.