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Bitcoin experienced a global fall yesterday, starting to reverse only after reaching the support level of 103371 points, and then rebounding to the position of 105337 points where it encountered resistance and fell back, indicating that the current main resistance level is at 105337 points. Analyzing the hourly chart, if it cannot firmly stay above the 105100 point today, the market may continue to pullback, and investors need to closely follow the key support role of 103371 points. If it can stabilize at this level, the next step will challenge the weekly sideways pressure at 105800 and 106600 points. It is worth noting that if it cannot break through the weekly level pressure, each price surge may signal that large funds are dumping, and the current timing is not suitable for fully buying the dip.
Ethereum has recently performed relatively strongly, falling from a high of 2680 points, breaking below the weekly support level of 2451 points before starting to rebound, reaching a maximum of 2541 points before retreating, and is currently consolidating around 2420. The hourly chart shows that if it cannot stabilize at the 2533 point level today, the price may still have further pullback potential, with support levels at 2465 and 2433 points below, and a resistance range of 2565 to 2590 points above. If Ethereum breaks through the previous low during the pullback, it may continue to test the bottom in the 2200 point area. It is worth noting that only after testing the previous low can Ethereum be expected to launch an assault towards 3000 points.
You can follow the performance of coins such as SPK, ALT, and GPS throughout the day.