Market Analysis
The five-wave upward movement of BTC that started from 74955.5 has completed, reaching a high of 87399 before entering a correction period. Resistance: 87100-87400 (previous high dividing line; if it cannot stabilize above this level, the probability of a peak increases) Support: 85000-85400; strong support at 81800-82200 (Fibonacci 50%-61.8% retracement zone)
If the short-term second wave rebound does not break the previous high, the market is likely to move in a flag-like oscillation within the support range; if it stabilizes and breaks above 87400, the bullish structure will restart (refer to yesterday's daily chart analysis). Short-term rebounds under pressure may lead to a pullback; if it tests strong support and stabilizes, then we can bet on a rebound, and if support breaks, look for a downward trend.
Ethereum has simultaneously recovered from the low of 1503.60, forming a bottom reversal impulse wave. The long-term bullish structure is intact, and it is currently in an ABC continuation adjustment during the upward movement. Short-term support at 2630-2700 must hold; the end of the adjustment will initiate the main upward wave (3); if the upper edge of the key daily box support at 2560 is broken, the correction will deepen. If short-term support stabilizes, one could bet on a rebound, but if it encounters resistance around 2795, a short-term pullback should be expected, with strict stop-loss controls.
Comprehensive Summary
BTC has completed its five waves and is now in a correction and consolidation period, with a focus on the previous high of 87400; the overall trend for ETH is bullish, and it is currently undergoing an upward continuation adjustment. The correlation between the two is strong; during a volatile market, avoid chasing trades, wait for key level opportunities, and strictly control positions.
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