ETH plunged to 1798 in the early morning today, breaking below 1800 for the first time in two months. However, the dip was short-lived and immediately rebounded, once again entering the triangular range. Currently, it faces the decision of choosing a direction.

Looking at the hourly chart in the above figure, after reaching a high point, it entered a triangular range and retraced. The low point below is moving lower, and the high point above is also moving lower. In the early morning today, it suddenly broke below the triangular range. However, considering the overall market environment, 1800 is definitely a strong support level. Although it broke below temporarily, it is not a true breakthrough, and it will not break here in the short term.

Therefore, operationally, it is still advisable to enter long positions at the lower level and place them near the previous low of 1818.

ETH intraday operation suggestion: Enter long positions on retracement in the range of 1818-1825, with a target resistance at 1855 and a defense at 1805.

The trend of BTC is relatively stronger. Yesterday, it did not break below the previous low of 28600 and formed a rebound. Looking at the hourly chart, the pattern is a triple bottom, and the range of 29000-29200 for BTC has always been a densely populated area for chips. Both the resistance and support are very strong here.

If it can stand firm at 29200, the subsequent rebound height will definitely target the previous high, which is around 29700, the reference level of the previous two high points.

BTC intraday operation suggestion: Enter long positions in the price range of 28900-29100, with a target resistance at 29700 and a defense at 28750.

Choice is far greater than effort; destiny is only responsible for shuffling, and it is always us who play the cards. Some people see opportunities and seize them, while others see traps and fear. Just like the current market situation, seizing opportunities is the most important.

For those who like the author's ideas, please pay more attention to the public account: "Ziyalunbi."

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