Market Analysis

BTC daily candle closed bearish yesterday, with a price of 85572. After the rebound, it entered a range-bound consolidation phase, which is a stage of correction and accumulation after the rise.

Short-term resistance: 88950-89300, the core dividing line of this round of rebound. Only by stabilizing above can it open up upward space.

Support: 84300-82600, the lower boundary of the range;
If it cannot break through the resistance at 88950-89300 in the short term, the market will continue to retest the 84300 support; as long as it holds above 82600, it will maintain a range-bound consolidation waiting for direction choice. Once it effectively breaks below, the market will weaken and decline.

Trading Ideas
Go long near 84300-84800, stop loss at 83500, target at 86500-87300, if it breaks, look for 88950-89300;

If it encounters resistance during the rebound at 88950-89300, consider shorting lightly, stop loss at 90500, target near the 86000-87000 area, break below watch 84500-85000.

ETH daily candle also closed bearish, the current price is consolidating in the range of 2634-2823, operating based on Fibonacci support.

Short-term support at 2634 and short-term resistance at 2823 are important defensive levels today.
If it can break through 2823 to 3065-3100, the bullish structure remains; if it effectively breaks below 2634, the rebound structure will be damaged and the market will weaken again.

Trading Ideas

Go long near 2670-2700, stop loss at 2634, target first at the 2830-2880 area, if it breaks, look for 3010-3065;

If it encounters resistance near 3065 during the rebound, consider a pullback, stop loss at 3100, target 2823-2880. Focus on the 2823 support, hold expectations for a rebound if it holds.

(This post represents personal views, and strategies are for reference only)

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