Good morning everyone, after waking up, Bitcoin hasn't seen much fluctuation in these positions. Let me briefly explain today's market interpretation.
1: #BTC The high point surged to 105900, and the low point dropped to around 105400, about 500 points. The short-term trading space is very limited. The resistance for Bitcoin is at 106000 and 106500. To change from a downtrend to an uptrend, it needs to break through 106500 and stabilize at 107000. Currently, we are still looking at a range of 100000-106500 for fluctuations. If the rebound doesn't go up, it will still retest around 102500. This level is quite significant, not short-term, at least at the 4-hour to daily level. Patience is needed for those who want to trade; the rest will be left to time.
2: #ETH The Ethereum trend is slightly stronger than Bitcoin at a smaller level. Last night, the high point surged to around 2545 before starting to retrace, with the lowest point hitting 2510 before beginning a small rebound. The resistance for Ethereum is at 2550 and 2580, while the support levels are at 2480, 2450, and 2400. If it retraces to 2450-2400, continue to take long positions. Currently, Ethereum is in a 4-hour fluctuation range of 2400-2700, where both high and low positions can be traded.
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