Bitcoin (BTC) Technical Analysis

Daily Level: Yesterday closed with a solid bearish candle, indicating weakened short-term bullish momentum. In the past two days, it has tested the highs around $11,050 three times before retreating, forming a short-term resistance level, while the support at $10,800 has remained firm. The overall upward trend is not broken, the MA7 moving average continues to rise, and the consolidation phase helps to correct technical indicator divergences.

4-Hour Level: Volume has increased, but prices have not reached new highs, indicating the market is facing selling pressure at high levels. Currently, it has formed three consecutive small bearish candles and is in a correction phase, but the support at $10,800 is effective, showing signs of a short-term bottoming.

Key Trading Range: Support Level: $10,750-$10,650 (if broken, pay attention to the defense zone at $10,500-$10,400) Resistance Level: $10,950-$11,050 (once broken, it is expected to test previous highs)

Ethereum (ETH) Technical Analysis

Daily Level: Yesterday's price peaked and then retreated, entering an adjustment phase to correct the technical overbought condition caused by the previous two days of significant gains. Overall, it still maintains an ascending wedge structure, with a low probability of a sharp decline in the short term. Weekly Level: After a significant surge in early May, the indicators were repaired through four weeks of range-bound consolidation, and this week a large bullish candle has broken through. If it maintains its current shape, it is expected to challenge the $3,000 mark.

4-Hour Level: After a dip to $2,740 in the early morning, it has stopped falling. This position is the key short-term support. If it breaks below $2,740, the next important support is near $2,700.

Key Trading Range:

Support Level: $2,740-$2,710 (if broken, pay attention to $2,700 for defense)

Resistance Level: $2,800-$2,830 (once broken, it may challenge $2,900-$3,000)

BTC: Pay attention to the $10,800 support in the short term; if it stabilizes, consider a light long position with a target of $10,950-$11,050; if it breaks below $10,650, then observe.

ETH: $2,740 is the dividing line between bullish and bearish for the day; if it stabilizes, consider a low buy with a target of $2,800+; if it loses $2,700, then wait for a lower support level to re-enter.