$ETH Reviewing last night's market: Bitcoin rebounded from a low near 81,200, reaching a high of 83,439. It is now fluctuating around 82,800, holding above the Bollinger Bands. The short-term rebound structure remains intact, but the area around 83,400 is resistance at the peak of this rebound, and repeated tests have failed to produce a decisive breakout. Ethereum surged from a low near 2,372 to a high of 2,478 before meeting resistance and pulling back. It is currently around 2,450. Its key resistance is in line with Bitcoin's. Don't predict the market; just react to it.
For Bitcoin's bullish momentum to continue, it must hold above 83,400 on increased volume to open up room to rise. But if it cannot break through on increased volume, the longer it consolidates at these highs, the greater the chance of a pullback. If it falls below 82,500, this rebound structure will be invalidated, and price may turn to retest support at 82,500. The short-term outlook would then be bearish. Ethereum has rebounded in tandem from its low and entered a high-level consolidation after the surge, but there is insufficient buying interest at higher prices. Bullish momentum is weak, and the potential for an upside breakout is limited.
Bitcoin: Short around 83,400–83,000; target 81,000
Ethereum: Short around 2,470–2,460; target 2,380 #股票财报季
For Bitcoin's bullish momentum to continue, it must hold above 83,400 on increased volume to open up room to rise. But if it cannot break through on increased volume, the longer it consolidates at these highs, the greater the chance of a pullback. If it falls below 82,500, this rebound structure will be invalidated, and price may turn to retest support at 82,500. The short-term outlook would then be bearish. Ethereum has rebounded in tandem from its low and entered a high-level consolidation after the surge, but there is insufficient buying interest at higher prices. Bullish momentum is weak, and the potential for an upside breakout is limited.
Bitcoin: Short around 83,400–83,000; target 81,000
Ethereum: Short around 2,470–2,460; target 2,380 #股票财报季
