The fluctuations of Bitcoin and Ethereum will continue, and a direction may be chosen within a week. We are currently entering a key inflection point.
Bitcoin is showing that a large number of holders are in profit, which may trigger selling pressure.
Continuous outflows from exchanges, neutral to bearish, with intense long and short competition, no single trend has formed.
Implied volatility has dropped to a low level, indicating that there may be significant fluctuations in the near future.
Bitcoin support: 103500, resistance: 106500, 107500
Ethereum: relatively strong activity, volatility is larger compared to Bitcoin, and the overall daily level is also fluctuating bearish. Yesterday, the competition between long and short was intense, but no clear winner emerged. $ETH
After the breakout, Ethereum fell back to its starting point. The 4-hour range oscillation is still continuing.
Ethereum support: 2450——2480, resistance: 2650, 2720