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Bitcoin and Ethereum urgent 🔥
In yesterday morning's analysis, I emphasized to everyone that the market needs to dip further. Once it drops another step, it will rebound near our support levels. Sure enough, last night the price tested the support levels: Bitcoin retraced to 65,500, Ethereum retraced around 2020, and Solana pulled back to around 76 before bouncing back. From last night until now, the market has been weakly consolidating. The strategies I shared yesterday are still effective.
Short-term market outlook remains bullish with continued consolidation.
Current market focus:
Bitcoin
Support: 65,500-66,000
Resistance: 68,700-69,300
Ethereum
Resistance: 2,160-2,185
Support: 2,010-2,030
Solana
Support: 76-77
Resistance: 85-86
Short-term trend: Last night saw a rebound, and now the market is consolidating sideways. The outlook remains bullish. Bitcoin may surge toward 69,000, and Ethereum could push above 2,100.