The market morning report is here! Bitcoin and Ethereum fluctuated all night without significant movement. After the 8 AM daily candle change, the trend also shifted. The view remains the same as yesterday; the probability of a market rebound is relatively high, limited to the main market. Whether altcoins will rebound simultaneously still needs further observation.
Bitcoin has shown signs of stabilizing around the 88000 mark, with support rising a few hundred points, which is a positive trend. Currently, it is being pressured by the resistance at 90000. Although it shows a fluctuating upward trend, during the Asian trading hours, it is more of a fluctuating trend.
Ethereum has also pulled back to the support level of 2070 that we mentioned and is starting to stabilize. Its performance is currently stronger than Bitcoin, with resistance also at the previously mentioned range of 3050. This is a dividing line for bulls and bears. Looking at a larger scale for both Bitcoin and Ethereum, there are signs of bottoming out. This week, one should not easily short; the risks outweigh the rewards, and opportunities for low long positions should be sought.
The 8 AM daily candle change time is one of my favorite points, and I habitually check the market at this time. I happened to see TANSSI's volume breakout, which allowed me to clear an ant position and earn some breakfast money. I hope everyone has a good harvest this week.
$ETH