Bitcoin, Ethereum, Today's Morning Commentary

1: #BTC Bitcoin hit a high of 110400 last night before starting to retrace. The first wave of retracement reached around 108800, and after a drop of 1600 points, it started to rebound, peaking again around 109600 before retracing. The second wave retraced to around 109100 before rebounding again, with the high reaching 109800 but failing to break through, leading to further retracement. As of now, it is hovering around 109300. Bitcoin is currently in a narrow range of fluctuation at a high level between 108800 and 110400, with no clear direction. For a direction to emerge, it must break below 108500 on the downside or break above 111300 on the upside to attempt another surge to a historical high.

Resistance levels above Bitcoin: 109800, 110350, 111300, 112000

Support levels below: 109050, 108800, 108500

2: #ETH Ethereum also started to retrace last night near the high of 2570, reaching a low support level around 2520 before rebounding. After a drop of 50 points from the high, it attempted to rise again to 2584 but failed to break through, leading to further retracement. This wave of retracement stabilized at 2550 without breaking down, beginning to rebound. Ethereum is currently also in a range between 2520 and 2600, and for those looking to buy, they can only wait for a retracement that does not thoroughly drop below 2500 to look for a rebound; if it breaks through, then buying should not be pursued.

Resistance levels above Ethereum: 2580, 2610, 2650, strong resistance at 2730, critical pressure at 2850

Support levels below: minor support at 2550, 2520, key support at 2450, 2410, strong low support at 2350, 2250

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