Morning Thoughts
Yesterday, I shared that Bitcoin 89000 and Ethereum 2920's support remains strong, while Bitcoin 94000 and Ethereum 3150's resistance levels are still perfect. High shorts and low longs are simply wonderful!
Last night, US stocks opened lower and continued to decline, closing down more than a point. However, from the market perspective, Bitcoin did not follow the US stock market's decline but instead became relatively strong, reflecting that the buying power around Bitcoin 90000 is still quite robust!
Today, it is expected to maintain a narrow range of fluctuations during the day, with Bitcoin support around 90000 and resistance around 95000, while Ethereum support is around 2980 and resistance around 3200! If you are trading, you can refer to this. The current market trend is still not very clear, so it is recommended to operate cautiously and wait for opportunities.
