Monday Midday Market Analysis:
Brothers, the market is currently in a sluggish state, oscillating back and forth within a range. Let me analyze the situation and provide some operational suggestions 👇👇👇
$BTC : The four-hour level support at 105700 has been broken, making this level crucial for both bulls and bears. Before reclaiming 105700, we anticipate a downward pullback; for short positions, set a stop loss at 105900, targeting 104900, and if broken, look towards 103000. For long positions, wait for a four-hour close above 105700 or look for a rebound opportunity at the support level below.
$ETH : The four-hour level is bearish, with 2515 being a critical pressure point for both bulls and bears, also a key pressure point at the daily level. Only after breaking 2515 will the market have the momentum for a second rally, targeting 2550, 2607, and 2677. Currently in a pullback, with support levels at 2454 and 2380; cautious traders may attempt to go long near 2380.
Throughout the day, I will be monitoring the market closely and will timely notify everyone of suitable entry points. If there’s no movement, just be patient!!! 🌹🌹🌹
