Recently, both the news and the market have been very dull. The Bitcoin price has continued to oscillate at high levels, and the upward trend has been broken. Comrade Jianguo has postponed the tariff negotiation period with the East and the European Union. The Bitcoin conference in the past few days has seen only a slight pullback in Bitcoin, but there hasn't been anything substantial.
The three major U.S. indices rebounded to 0.886 and then had a slight pullback, continuing to rise. It remains uncertain whether they can break through the previous highs, but there is still short-term upward momentum.
Bitcoin
After the rebound from 0.886, I started to remind everyone about the continuous daily divergence and advised against chasing the price. The upward trend line for Bitcoin has been broken, and the key support level is 106,000, which has a risk of being broken. I warned about a false breakout on the daily chart since the 23rd, and the Fibonacci level of 1.13 is under pressure for a pullback.
It is also possible that it will maintain a narrow range of oscillation before rebounding.
Support: 94,000—96,000—100,000
Resistance: 110,000—112,000
Ethereum
The ETH/BTC exchange rate has seen a daytime rebound, with Ethereum breaking through on the daily chart but then being pulled down by Bitcoin in a false breakout. The key factor is still whether Bitcoin can hold at 106,000.
Ethereum's daily chart has formed a converging triangle, and we are still watching whether it can continue after the oscillation. If Bitcoin breaks down, Ethereum will also need to adjust before continuing upward.
Support: 2,100—2,200—2,300
Resistance: 2,856—3,200—3,600
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This article is time-sensitive and for reference only, with real-time updates.
Focusing on K-line technical research, sharing global investment opportunities. Public account: BTC Trading Master Fusu
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