BTC: The daily candle for Bitcoin closed with a bullish engulfing pattern, directly breaking through the key resistance area around the downtrend line at 108,000. However, chasing the price up at this position during the day is not very meaningful. It has formed an ABC three-wave rebound structure from 105,111 to 109,600. In the short term, it is likely to experience a pullback after a rise, with a key support level around 107,400.
ETH: It has directly broken through the multiple resistance levels at 2,520, with a peak rebound to around 2,620. However, the secondary high point at 2,665 is under strong pressure, making it difficult to break through directly in the short term. It needs to accumulate lower before moving up, so pay attention to the support and resistance situation around 2,500.
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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