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BTC: The price of Bitcoin rebounded directly to the 110,000 mark this morning, strongly breaking through and stabilizing above the 5-day EMA on the daily chart. The bulls are showing very strong performance, but do not blindly chase long positions near the high points. From the hourly K chart perspective, there is a top formation structure, so look for opportunities to buy on dips during the day. The small-level support is around 107,500-108,000, while the large-level support is at 105,500, which should not be effectively broken.
ETH: It is experiencing a catch-up rally, breaking through the previous starting point of 2,630. From the hourly K chart perspective, there is a trend for further upward movement, with attention on the small-level resistance area at 2,730-2,750.
For more explanations, please patiently watch the video. If you have any questions, you can follow the public account: Ding Junxian.
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