ETH Market Analysis 🔥
The view remains the same as yesterday, no changes, buckle up.
The Bitcoin market continues to reach new highs with great momentum. Last night, it once again surged to above the 3,800 point mark, breaking through short-term resistance once more, just a step away from the 4,000 point round number. The unit market is booming, and given the current situation, it is expected to continue to rise and attack, with a 4,000 target being a high probability event.
The current latest resistance level is 3,800-3,830. If this position is broken, the target will be around the previous high of 4,100.
Current market focus:
3,800-3,830 resistance level 4,100-4,136 extreme resistance level 3,535-3,570 short-term support
Short-term trend: based on the current situation, the market will attempt a second attack at the 3,800 point round number, facing resistance before retreating again.
If it breaks through 3,850 with volume, it will attack near 4,100 to create new highs.
Bitcoin in high speed urgency
In recent days, the entire market is led by Bitcoin, making a one-sided rise to new highs. The market is in a sideways fluctuation, and the Bitcoin market has repeatedly attacked the 120,000 round number in recent days, but has not been able to break through and has retreated. A crucial resistance point is still near 121,000, while the short-term support is around 115,000. The 120k mark will certainly continue to be attacked.
Current market focus:
120,800-121,600 short-term resistance 115,000-115,700 short-term support
Short-term trend: bullish momentum is still very strong, and based on the current situation, it will attempt to break through the 120,000 round number again, touching around 121,000 and facing resistance for a pullback.
