The beautiful valley continues to rebound and has reached below the M-top, facing the first level of resistance. Currently, the rebound trend has not shown any reversal signals. The second level of resistance is near 0.886 and the rising trend line.

Although Bitcoin continues to break upward in a rebound, the gap has not widened significantly, and there is a potential MACD top divergence. The 4-hour chart has formed an upward channel; if the rebound cannot widen the gap or break above 100,000, there is still a risk of a short-term decline.

Bitcoin

The 4-hour chart has formed an upward channel and is currently at the middle track support. If it breaks down here, it would signal a false breakout and a bearish indication. The MACD shows a top divergence. Previously, it was mentioned that 100,000 is a key level to contest; if it cannot hold above this level, a correction is needed.

Previously speculated that if the beautiful valley rebounds to 0.886, Bitcoin would have a chance to return above 100,000. It has not yet been achieved; we will see if there is an opportunity for a rebound after a correction. The weekly chart shows four consecutive bullish candles, which is strong; here, it is still advised not to chase the rise. At 78,000, remind to open a primary position near 85,000 and add a secondary position. Long-term holders can keep their positions, while short-term traders can reduce their positions by 1/3.

Support: 89,000—90,000

Resistance: 98,500—100,000

Ethereum

The narrow fluctuations have worn down the patience of the 10-day period, but the daily chart still shows a U-shaped rebound. In the later stage, a short-term pullback continues to look bullish. Similarly, if Ethereum catches up, it can continue to rebound.

London gold dipped to 3,499 and has fallen for two consecutive weeks. It has been repeatedly reminded not to chase the rise; a pullback must occur before considering.

The ETH/BTC exchange rate has been in a doji pattern for about ten days and is about to face a change in trend.

Support: 1,730—1,812

Resistance: 1,873—2,100

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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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