Today's Market Analysis

BTC
Good afternoon, brothers. This morning, the big pancake tested the daily line support and rebounded at a smaller scale again. The current market is stuck at the daily line support without breaking down for a long time. It has tested the lower levels multiple times but has not broken through. Today, as it's the weekend, the market fluctuations won't be too big, plus the market is in a daily horizontal range. The short-term trading can revolve around the top pressure and bottom support. Currently, the four-hour level support has broken, but this rebound has also risen again to the four-hour pressure of 103700. Pay close attention to whether this pressure can be broken at the four-hour closing line near this position today. If the four-hour closing line breaks through 103700 again, then the four-hour level can stabilize the bulls, and the market has a chance to continue to rise. The upper target pressures are 104500, 105000, and 105800. If it can rise to the second and third pressure levels nearby, you can try short positions with proper stop-loss. Before the four-hour closing line stabilizes below 103700, the market will look for a four-hour level adjustment. The lower target support remains unchanged at 102500, 101400, and 100800.
ETH
The recent dip by the concubine has hit the first target support. Currently, there is a break at the four-hour level, and we are seeing another four-hour level pullback. The upper target pressure is 2560. Only if the four-hour close breaks through 2560 again will there be a chance for a second surge. The upper target pressure remains unchanged at 2647.2730. Before the four-hour close stabilizes above 2561, the market outlook is still for a pullback. The lower support continues to be around 2410. A break below 2410 on the daily chart would mean that this wave of daily upward movement is considered over.#BTC #ETH