Ling Xi's precise analysis once again is worth learning. Good evening, brothers! A wonderful week has begun. Last week, Bitcoin and Ethereum both rose by 10 points. Doesn't that feel great? I mentioned before that after interest rate cuts, the second half of the bull market would officially start. Last week's increase must have felt a bit like that.

But don't be too happy too soon. There are many resistance levels above Bitcoin at 69. According to the daily chart, it has attempted to break through several times without success. Last week, it once again reached the upper resistance zone. If it can't push through this week, we need to pay attention to a pullback!

Bitcoin's support levels for this week: 66000-62600-60100 Resistance levels: 70080-71400-72900

Ethereum's support levels for this week: 2610-2540-2440 Resistance levels: 2870-3000-3240

Today's market analysis:

Bitcoin last night broke through the second resistance level I provided before starting a minor pullback. Today, pay attention to the position at 68686. If it falls below this level, a 2-hour pullback will begin, and the support levels to watch are 68350-67910-67300 nearby!

As long as it does not fall below 68350 today, the 4-hour level remains bullish. A minor pullback will still lead to an upward movement, and the target/resistance levels to watch are 69215-69567-70080 nearby!

Ethereum last night pulled back to the first support level I provided at 2688 before breaking through the third resistance level at 2766. Today, keep an eye on the position at 2727. If it falls below this level, a 1-hour pullback will begin, and the support levels to watch are 2702-2685-2652 nearby!

As long as it does not fall below 2685 today, the 4-hour level remains bullish. A minor pullback will still lead to an upward movement, and the target/resistance levels to watch are 2746-2770-2795 nearby!

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