1.27
BTC
The big pancake gave everyone the idea yesterday that it would fluctuate around 88500. After reaching the corresponding resistance yesterday, it pulled back. It has now reached the corresponding resistance. What to pay attention to in the short term is whether the divergence at this position on the four-hour level can continue and stabilize at 88500. If it cannot break through 88500 during the day, it will still fluctuate around the range of 86500 to 88500. Therefore, to summarize, what to watch for during the day is whether the one-hour level can operate above the zero axis, and pay attention to the momentum of the four-hour level returning to the zero axis, with support at 86500-85000 and resistance at 88500-90500.
ETH
Ethereum, after repeatedly testing below 2800, has rebounded once again. Thus, this position needs to be monitored for whether it can form a large-scale bottom in the short term. Meanwhile, this position also needs to pay attention to the one-hour level and the four-hour level's market situation. From the 15-minute perspective, there is a demand for a pullback at this position, and the pullback should pay attention to the 2850 position. If it does not break, there will be a continuation of the trend; if it breaks, it will return once again below 2800. Therefore, to summarize, the current market situation will still be dominated by fluctuations, with support at 2850-2800 and resistance at 2980-3050.
$ETH
