At 4 PM, the physical exchange line did not drop below 10.08.
Therefore, confirmation was completed on Friday, and the last defense of the bears has been broken.
The pullback phase has been declared over, and there is potential for a breakout to new highs. In any case, this round of reheated leftovers has already been warmed up.
For the subsequent market, the altcoin season may also arrive in this round.
Resistance has turned into support, with the intraday support level tonight being in the 10.15-10.1 range.
Tonight, you can consider chasing upwards, with the next round's rebound target tentatively set at the 10.4 line.
Although Ethereum's increase is not significant, short positions should also be withdrawn in advance.
As mentioned in the midday update, Ethereum currently lacks its own voice. Once Bitcoin stabilizes and breaks through the 4 PM exchange line, Ethereum will eventually be driven up as well.
Currently, after breaking through the 3400 resistance during the day, it has turned into support. Pay attention to this position for a small loss exit.
Tonight, focus on seeking upward opportunities around 3400, with the first round rebound target set at the 3500 line.
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