Musk and Trump have completely torn apart their relationship, Bitcoin is undergoing a technical pullback as expected.
Bitcoin has completed a wave of technical correction, with a strong resistance zone between 💲105800—💲106600 on the four-hour level.
On the daily level, Bitcoin has not strongly broken through the 💲100000 line, and the bullish structure on the daily level has not experienced a structural breakdown.
In the short term, Bitcoin will not experience a significant breakdown; I believe Bitcoin will have a rebound in the next couple of days, primarily focusing on buying the dips, and the stop-loss can be set at the new daily low 💲100000.
Above Bitcoin, the daily level resistance is at 💲107000, 💲109000, and 💲110000, all of which are strong resistance levels. For this wave of Bitcoin's bullish rebound, I personally believe that Bitcoin's maximum will pull back to 💲110000.
From the four-hour perspective, Ethereum has strongly broken through the strong support at 💲2450 earlier today.
In the short term, the upper strong resistance is at 💲2530, but if Bitcoin rebounds and corrects, Ethereum will also further rebound and correct.
The second strong resistance above Ethereum on the four-hour level is at 💲2650.
From the daily level perspective, Ethereum once pierced through the 💲2450 line, and we should closely monitor the strong support for Ethereum at 💲2300 below.
Recently, everyone must manage their positions well when trading contracts, control the trading points, avoid heavy trading, and ensure proper capital allocation.
