Morning Thoughts
Last night, U.S. stocks opened high and then fell sharply, affecting the market, which also experienced a rapid decline. Bitcoin dropped from around 92500 to around 88600, while Ethereum fell from around 3101 to around 2870, a significant drop.
However, after NVIDIA's earnings report greatly exceeded expectations, U.S. stocks and Bitcoin also experienced a recovery, with prices returning to where they were before last night's decline. Therefore, from the market perspective, Bitcoin's integer level of 90000 has yet to effectively break through, repeatedly falling and then bouncing back, and the same applies to Ethereum at the 2900 level!
So how should we view today's market? Personally, I believe today will be a fluctuating upward trend, with Bitcoin's support level around 90000 and resistance around 94500, while Ethereum's support is around 2950 and resistance around 3180. For everyone trading, you can refer to this, and remember to protect yourselves well!
