BTC, ETH can they break down this week? A big move is coming, seize the opportunity.

Market Review and Analysis

The BTC market continued to decline yesterday, closing with a daily bearish candlestick. However, after the daily opening, there was no significant continuation of the downward trend; it rebounded after touching around 103500. According to the intraday trend, the support level around 104000 was broken yesterday. The rebound on the daily level is considered a normal movement, but the drop yesterday was not very significant. Ideally, if it had dropped to the 102500-103000 range before rebounding, it would have been better. Although the strength of this rebound is not very strong, ETH fell to around 2450, which is the support level. After breaking the first line at 2480, it quickly reached this intraday support level and began to rebound. The market did not directly break down; instead, it made a small-level rebound close to 2550, nearly a $100 rebound. Based on the rebound that has already occurred, today’s intraday trend is expected to show a retracement and decline.

Today's Key Points Interpretation

For the BTC market, the intraday resistance level to focus on is the 105-106000 range. This range can be directly observed for a pullback. First, we need to see how the four-hour closing looks. Whether the next four-hour trend will return to around 104000 or below. If it cannot return to around 104 or below, the day will likely see a fluctuating market, so focus on this range. If it can directly break below 104 or fluctuate around 104 before 4 PM, then the evening market will continue to decline. The key support level to watch on the intraday level is still in the 1025-103000 range. If there is a significant drop, we can directly focus on the 100000-102000 range for a potential small-level rebound.

For ETH, the current four-hour level shows a rebound from the intraday support at around 2450. The intraday resistance points to focus on are in the 2530-2560 range, which is similar to the resistance level around 106 for BTC. Therefore, we need to see if it will continue to test the 2480 level. If it can consistently break down, the intraday support level to watch today is in the 2360-2420 range. The market has not directly broken down, indicating that there is still some bullish momentum. However, this momentum will gradually decrease, laying an important foundation for subsequent declines. Therefore, waiting requires great patience; once the market breaks down, it will become much smoother.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。