Bitcoin (BTC) Analysis
Daily analysis:
After breaking through 60,000, the current Bitcoin price continues to fluctuate above this level. If the subsequent correction does not break this support level, there is potential for continued rise.
1 hour chart analysis:
In the short term, the price continues to rise after breaking through 67400. If the correction does not break this support, the price is expected to rise further.
Upper resistance level: 73800, 76700.
Support levels below: 64600, 62500.
Operation suggestions:
Long: If the price falls back above 67,400 without breaking, you can consider placing long orders with targets at 73,800 and 76,700.
Short selling: If the price breaks below 67,400, a correction may begin. Pay attention to the support levels of 64,600 and 62,500 to look for short opportunities.
Ethereum (ETH) Analysis
Daily analysis:
The price of Ethereum rose again after oscillating and testing 3100. If the subsequent correction does not break this key level, the upward trend will remain unchanged.
1 hour chart analysis:
In the short term, the price continues to rise after breaking through 3400. If the correction does not break this support, the price is expected to continue to rise.
Upper resistance level: 3830, 3985.
Support levels below: 3285, 3150.
Operation suggestions:
Long: If the price falls back above 3400 without breaking, you can consider placing long orders, with targets at 3830 and 3985.
Short selling: If the price breaks below 3400, it may start a correction trend. You can pay attention to the 3285 and 3150 support levels and look for short opportunities.
Both Bitcoin and Ethereum are currently above key support levels. If they can hold these support levels, the market is expected to continue to rise. Investors are advised to pay close attention to the changes in key support and resistance levels, rationally arrange long and short orders, do a good job of risk control, and seize opportunities brought by market fluctuations.
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