BTC, Ethereum trend analysis

BTC had a slight rally last night, but it remains weak, with insufficient upward momentum. During the day, it has already broken below the support level of the previous 15-minute consolidation range around 110500. BTC rebounded from a low of around 107200 to about 112500, which coincides with the resistance level given in the analysis from the day before yesterday, marking a rebound of over 5000 points. This is not a particularly strong rally, and a pullback of one to two thousand points is likely. For BTC to continue breaking upwards, it needs to stay above around 111300; otherwise, it will continue to experience small-scale fluctuations or move downward. Looking at the broader trend, BTC's decline has lessened, while the potential for increases has grown. We're just waiting for some positive news. There are many long positions in the range of 114000 to 116000. When the level returns to this range, many long positions will choose to cut losses and exit, so the range of 114000 to 116000 is also an opportunity for us to set up short positions.
The better trend for BTC is to be able to break through the resistance near 113400 last night. Only by breaking through can the bullish trend take the initiative.
The support below BTC is around 109800, 109200, and 108300. The area around 109200 is the top of the previous upward movement, and one can set a buy order near 109200, with a stop loss at 108200.
Ether rebounded to around 4490 resistance last night, with a high of 4488, very close to the resistance level I provided. Currently, the 15-minute level bottom of Ether is rising. As long as it does not fall below around 4437 today, it will continue to move upwards.
Ether's resistance today is still looking at around 4490. A strong breakthrough of the 4490 position, wait for a pullback, and then long positions can be entered. The support for Ether today is at 4439, 4300, and around 4256. Long positions can be ambushed near the support.
The market in the past few days has been fluctuating back and forth, so focus on short-term trading and secure profits!
By placing trades based on the points in this article every day, you can improve your win rate. Alternatively, you can also place orders according to the highest resistance and lowest support given in this article. Make sure to set your stop loss properly. #比特币市场动态