Bitcoin, Ethereum, Today's Market Interpretation

1: 38,674,409,440 Bitcoin yesterday pulled back to the key support around 106,700 and did not break through completely, starting to consolidate with a small rebound. Around 6 AM, it began to gain volume and rose to the pressure level near 108,300, almost hitting 110,000 at its peak. Since yesterday, it has gained over 3,000 points, effectively recovering the drop from the weekend. Although today is Monday, the U.S. stock market is also closed, and the market lacks good liquidity. Currently, Bitcoin has rebounded to the pressure level near 110,000, and breaking through here is still difficult, as this pressure is significant. If it breaks 110,000, it will have to face 113,000 next, and further up will be the historical high around 112,000. The overall trend remains upward, and as long as it does not drop below the position of 106,000, there is no need to worry about a deep correction. If it breaks below, then caution is advised. Whether Bitcoin can continue to break new highs still has opportunities; it just depends on how long Bitcoin consolidates in the high range of 110,000-106,000.

Upper pressure for Bitcoin: 110,000, 110,300, 112,000; Lower support: 108,500, 107,500, 106,700; Key support: 106,000

2: 91,855,064,076 Ethereum yesterday pulled back to the key support of 2,450 and did not break through, leading to a rebound. It first rebounded to around 2,520 but did not officially break through the pressure and then pulled back. This morning, it rose along with others. The overall trend of Ethereum is still slightly weaker than Bitcoin; it is almost rebounding to the pressure level near 2,580. To continue moving upward, it must break through 2,600 to proceed. Currently, Ethereum does not have the same strong momentum as before; it mostly follows Bitcoin, and sometimes it even weakens a bit. It is best to wait for a pullback and a spike before entering positions.

Upper pressure for Ethereum: 2,600, 2,650; Key pressure: 2,730; Lower support: 2,520, 2,480, 2,450

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