BTC market analysis: In the 1-hour wave pattern and pressure structure, after reaching a recent high point of 66,928, it entered a Wave 2 pullback. This rebound’s second-high was fixed at 66,700, forming a double-top pressure structure. Above, there are two major strong resistance zones: 66,700~66,928, which is a heavy pressure band that short-term long positions cannot easily break through.


​The structural watershed support for this leg of the move is 65,100-65,600. Once it breaks down effectively, a deep pullback for Wave 3 will be triggered. In the short term, only by holding firmly in this zone will there be a chance to continue the upward push.

ETH daily line 5-wave structure analysis:
The daily chart has currently completed the rise of Waves 1 and 2, and is running at the end of Wave 3, getting stuck at the key resistance 1,945-1,950. The main medium-term target resistance is 2,035. Only by breaking above the 1,950 resistance can it push higher toward 2,035 and complete a full Wave 3 up move.
​The lifeline support is 1,840. If the price retraces and breaks through this level, the daily’s preset Wave 5 rally structure is immediately invalid, and the market will shift into a medium-term deep correction;
​Near-term support is 1,900-1,910, the temporary hold level for a small intraday pullback.

Trading suggestions: Go long BTC on the pullback around 65,600-65,300, defend 64,600, target 66,300-66,700. If it breaks down, look for the 67,500-68,000 area; if it doesn’t break, hold for the long.
​Go long ETH on the pullback around 1,910-1,900, defend 1,870, target 1,940-1,955. If it breaks down, look for the 1,976-2,000 area; if it doesn’t break, hold for the long. (Strategy is for reference only) #BTC #ETH
BTC-0.22%
ETH-1.07%
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