Good evening, Americans have entered the holiday early. The 'non-farm data' and the 'beautiful big bill' have been smoothly announced, but the bulls' desire to push up is not strong. Bitcoin and Ethereum symbolically touched the resistance levels before starting to decline. However, today's adjustment rhythm is relatively benign; what should bounce has bounced, and the key support level has held up with a rebound, making the technical aspect very standard. Therefore, we cannot easily say there is a trend change; we can only regard it as a normal operation of pressure levels being tested and retreating. The assets I have recently participated in, PENGU, are quite good. In the past two days, we have gained value with friends. Interested friends can pay attention to it.
Bitcoin: After trying twice yesterday at 110400, it fell back. The near-term support levels of 108750-108500 currently look effective. In the night market, we mainly look at whether there will be multiple retests near the support range to form a brief platform for next week's market. If this support range is broken, there will be significant space below, with the next strong support around 107650. The upper target for the near-term is 109500. Therefore, for high leverage, we can try according to these two support and resistance levels. Reference levels: 111200-110400-109500-108750-108200-107650-107300-107000-106500-106000-105600-105000.
Ethereum: Here, the amplitude of Ethereum's circuit is quite large, directly touching the repeatedly emphasized central axis around 2524 from May to June. This position is very critical, so the first touch in the afternoon was a very good low leverage position. In the night market, we are watching for a second retest; if it breaks below, support will also be effective at 2505-2485. The upper levels of 2579-2568 form a pressure platform. In terms of operation, we also wait for good positions to layout high leverage or low leverage accordingly. The technical chart of Ethereum has always been very structured, with multiple boxes restraining each other. When trading Ethereum, it is essential to patiently wait for good opportunities to enter; obtaining an initial safety threshold is very optimistic. Reference levels: 2687-2669-2635-2613-2579-2540-2524-25505-2485-2440.
