The market's early rise indicates that the suspension event can be resolved this week. Surprisingly, the news is lagging behind because by the time you know the news, you may become the one taking the fall. Therefore, we are all taking action in advance to layout our strategies and try to gain profits as quickly as possible.
BTC Monday Live Analysis
Support: 104788 is too aggressive as the first support; this level is a bit high, so just pay attention. 103588 is indeed a good scalping support level for going long, but it's a bit far now. Extreme support around 100,000 will not arrive immediately without significant bearish news. #BTC
Resistance: The upper resistance is at the round number of 110,000.
ETH Monday Live Analysis
Support: 3508 is a good scalping level, and if given the chance, short-term trading could be quick; the support at 3425 is too close to 3500, so no need to add positions. 3088 seems not to provide an opportunity for a second entry to go long. #ETH
Resistance: Our medium-term long positions have been closed multiple times, with the target profit at 3660. The range between 3600 and 3828 is a selling pressure zone corresponding to Bitcoin's level around 110,000. Let's see how their exchange rates change. ETH needs to maintain a price of at least 3850 for over a week to rise to 5000; otherwise, it's just dead cat bouncing now. $BTC
$ETH
BTC Monday Live Analysis
Support: 104788 is too aggressive as the first support; this level is a bit high, so just pay attention. 103588 is indeed a good scalping support level for going long, but it's a bit far now. Extreme support around 100,000 will not arrive immediately without significant bearish news. #BTC
Resistance: The upper resistance is at the round number of 110,000.
ETH Monday Live Analysis
Support: 3508 is a good scalping level, and if given the chance, short-term trading could be quick; the support at 3425 is too close to 3500, so no need to add positions. 3088 seems not to provide an opportunity for a second entry to go long. #ETH
Resistance: Our medium-term long positions have been closed multiple times, with the target profit at 3660. The range between 3600 and 3828 is a selling pressure zone corresponding to Bitcoin's level around 110,000. Let's see how their exchange rates change. ETH needs to maintain a price of at least 3850 for over a week to rise to 5000; otherwise, it's just dead cat bouncing now. $BTC
$ETH