The e-guard has also improved
BTC:
The price of Bitcoin slightly decreased yesterday but still held the support line at 106,000. This support can be moved up to 106,500, which is also the intraday support. If this support can be maintained, there is still a chance for the price of Bitcoin to rise further. However, if it breaks below and triggers a rapid decline (many short-term and short-to-medium-term long positions have moved their stop-loss to this level), it would break the recent uptrend line. In fact, the price of Bitcoin has shown signs of breaking this uptrend line, but without triggering a significant drop, we are currently considering horizontal support. At present, Ethereum is relatively strong and may drive Bitcoin to strengthen. Intraday, buy on dips, with a maximum stop-loss below 106,500.
ETH:
In the early session, it quickly rose to around 2,788, breaking through the recent horizontal resistance at 2,740. Currently, it has pulled back without breaking, showing some support; this breakout is tentatively considered valid. However, since the price of Bitcoin has not followed suit with a significant increase, the strength of Ethereum alone is insufficient to attract more following buyers. For today, we will first look at the support around 2,730-2,740, which is the resistance that has turned into horizontal support. If it is strong, it can pull back but must not break below. Once it breaks below, it is prone to a false breakout where prices rise and then fall back. Due to the breakout to new highs, buy on pullbacks around 2,730-2,740, with a maximum stop-loss below 2,700, and upper resistance at 2,850-2,900. Additionally, if a false breakout occurs and the price of Bitcoin falls below 106,500, we will need to shift to a short-term bearish outlook.