Bitcoin, Ethereum, Today's Market Analysis

1: #BTC Bitcoin started to pull back around the high point of 110300 last night, the first wave of pullback reached around 109200 and then rebounded to a high of around 109800 before pulling back again. The second wave of pullback broke below 109000 and hit around 108300, starting to rebound slightly. It rebounded to 109200 but didn't go up and continued to pull back to around 108000, then rebounded and ground again. The rebound high point hit around 108800 but couldn't go further and continued to pull back. As of now, the lowest point reached around 107300 and rebounded while grinding, with the highest point reaching 107900. Currently, it is hovering at 107700. From last night's decline, it can be seen that this wave of decline has been making lower lows and high points are also trending downwards, so the intraday market is bearish. Last night in the live broadcast, I told everyone to buy long around 108500, but later seeing that the situation was not right, I advised everyone to exit without losing money. If we hadn't exited, it would have hit stop-loss today. Currently, Bitcoin is nearing a level where it can be built up again. If it pulls back to below 107000 and dips to the 106000 range, it would be a good opportunity to buy long and hope for a rebound. If it reaches around 109000 again, there is still a chance.

Resistance levels above Bitcoin: 108000, 109000, 110300, 111300, 112000; Support levels below: 107200, 106800, 106500, 106000.

2: #ETH Ethereum reached a high of around 2880 last night before pulling back, hitting strong resistance at 2850 before it started to drop. The first wave of pullback reached around 2780 but still saw a rebound, with the highest rebound reaching 2830 but failing to go further and continued to pull back. The second wave of pullback hit 2740 and started to rebound, grinding with the highest rebound around 2780 before continuing to pull back. Currently, it is still supported around 2750. Ethereum's recent price movement has been quite good, continuing to move upward once more. There is still a probability of touching around 3000, but it depends on how Bitcoin moves. If Bitcoin does not pull back too much, Ethereum will have better upward space.

Resistance levels above Ethereum: 2780, 2830, 2880, 2920, 3000; Support levels below: 2750, 2700, 2650, 2600.

Ethereum's recent upward pullback should not drop below 2600. If it breaks through here, the probability of reaching new highs again will be lower. At least this wave needs to hold higher; if it wants to go up again, it requires another wave.

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