Bitcoin and Ethereum Today's Market Trend Analysis

Bitcoin's recent decline started with a dip before rapidly falling by 4000 points, reaching the support level we previously mentioned around 102000. Currently, Bitcoin's 4-hour chart has broken out of the triangle area, and the upward channel has been breached. The daytime rebound lacks strength, indicating that this decline has not yet reached its bottom, and a new round of decline is expected. Focus on short positions for trading, and enter short when it rebounds to a suitable level.

The upper resistance for Bitcoin remains around 106700. Only a strong breakout above this level will warrant consideration for long positions. The short-term sentiment for Bitcoin is bearish; a strong rebound will only occur if it holds above 102000.

Ethereum's lowest point reached 2360, this level has been tested for the third time, and if it holds, a significant rebound may occur. If 2300 is broken, you know the potential drop for Ethereum. If Ethereum does not rebound above 2480, it will continue to head downward. $BTC $ETH #加密市场回调