On the 6th, Bitcoin dropped to 100,305, then rebounded all the way up, and this afternoon it directly broke through 107,000, returning to the previous high volatility area, and as of the time of writing, it is around 108,000. 107,000 is a support-resistance flip level, and since there has been a short-term breakout, we are still looking at a rebound for now, unless it falls back below 107,000 to turn bearish.

In the U.S. market, the Nasdaq 100 index is rebounding close to its previous high, just a point or two away, and the S&P 500 index is also very close. The only one with some space left is the Dow Jones. Therefore, looking at the first two indices, it cannot be ruled out that new highs will be created, and the overall performance is exceptionally strong.

Bitcoin

Since the V-shaped recovery on the 6th, Bitcoin has also shown exceptional strength, mainly influenced by the strong performance in the U.S. market, preventing it from dropping. 107,000 is a support-resistance flip level, and as long as it stays above, we can continue to look for a rebound; conversely, there could be a pullback.

From the perspective of the pullback, it has not broken below the Fibonacci 0.236 level, although it dipped to around 100,000, the overall trend is still a weak pullback. For now, it has not dropped to the mid to long-term layout opportunities we mentioned at 94,000 and 98,000. The daily line is above the middle band of the Bollinger Bands, so there is a chance to touch the upper band, which is near the previous high.

Support: 100,000—103,000—107,000

Resistance: 110,000—112,000

Ethereum

The weekly outlook for Ethereum has not changed; it still maintains a pattern of throwing bricks to attract jade, and there is still a proportional rise expected below 3,300 or even 4,000 in the future.

The daily line has been oscillating for about a month, and this week it still cannot be ruled out that it will close as a doji star. In the short term, it is still moving sideways. If there is an opportunity to drop to 2,300 or even lower, it can be a mid to long-term layout opportunity, and there are still chances for short-term entry in batches.

Support: 2,100—2,200—2,300

Resistance: 2,800—3,300—4,000

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The article is time-sensitive and for reference only; it is updated in real-time.

Focusing on K-line technical research, sharing global investment opportunities. Public account: BTC Trading Prince Fusu

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