The key position for Bitcoin is 113800. If it stabilizes above this level on the 4-hour chart, then this 4-hour pullback will be over, and the resistance levels above are around 114500/115000. If the 4-hour level closes and does not stand above 113800, it indicates that the market is still unable to rise, and we should continue to look for a pullback to the support levels around 112300/111500/110700. The key level for Ethereum is 4025. If it cannot stay above this level, it indicates that the rebound lacks strength, and we will continue to look for support levels around 4000/3960/3920 below. Today, only if the 1-2 hour level closes above 4025, will the 1-2 hour level start to bounce back, with resistance levels around 4080/4120/4160 #BTC #ETH .
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Intraday Market Analysis:
The key position for Bitcoin is 113800. If it stabilizes above this level on the 4-hour chart, then this 4-hour pullback will be over, and the resistance levels above are around 114500/115000.
If the 4-hour level closes and does not stand above 113800, it indicates that the market is still unable to rise, and we should continue to look for a pullback to the support levels around 112300/111500/110700.
The key level for Ethereum is 4025. If it cannot stay above this level, it indicates that the rebound lacks strength, and we will continue to look for support levels around 4000/3960/3920 below.
Today, only if the 1-2 hour level closes above 4025, will the 1-2 hour level start to bounce back, with resistance levels around 4080/4120/4160 #BTC #ETH .