BTC: Technical Analysis

Currently, BTC has formed a temporary support in the range of 106,000-108,000 after a pullback from 110,000.

The daily chart shows that yesterday closed with a solid bearish candle, but it did not effectively break below the key level of 106,000. Observing the 4-hour timeframe, if it effectively breaks this support during the day, it may further test the range of 103,500-104,500, at which point one can look for opportunities for a rebound due to overselling.

The main resistance above to watch is the area of 109,000-109,500. If the rebound is blocked, it will maintain a fluctuating downward trend.

Attention should be paid to the characteristics of market volatility; the probability of a single-day drop of 10,000 points in the short term is low, and it is more likely to show a stepwise pullback.

ETH: Independent Market Assessment

ETH has recently shown a differentiated market trend but has not effectively driven the altcoin sector. The current price is still within the previously indicated stage of profit-taking range, with altcoins generally being more than 10% lower than expected, reflecting that market liquidity has not yet fully recovered.

The resistance of 2,760-2,800 has been reached during the day, and it is expected to retest the support zone of 2,560-2,600. The key risk control level to focus on is 2,560. An effective break below this will open up a downward space to 2,450 (the daily support level). It is noteworthy that the ETH/BTC exchange rate trend shows that its temporary strength may be difficult to sustain. #特朗普媒体科技集团比特币财库