Evening session retracement continues, Bitcoin's current performance is very weak
Today, Bitcoin and Ethereum's trends have started to diverge, with Ethereum showing considerable strength while Bitcoin remains sluggish. Watching Bitcoin's potential retracement, it's noticeable that Ethereum is still rising. Indeed, the current trend makes it hard to judge, but one can only say that it indeed cannot decline further. The evening session is likely to rebound and continue to look bullish.
Bitcoin's market structure indicates a top facing resistance, with signs of a retracement, although it is relatively slow, and the momentum is still continuing. The bottom is focused on 95,800. If this level is broken, the momentum may continue to decline; otherwise, it may hover around this position.
Ethereum has been on a strong upward trend throughout the day, quickly rising in the morning before retreating and then re-entering the market. Currently, it is undergoing a retracement, and those looking to enter can wait for this round of retracement before doing so.
Operational suggestions:
Enter Bitcoin around 95,800, targeting above 97,000.
Enter Ethereum around 3,700, focusing on previous highs.
If the level is broken and the trend continues, one can keep looking upward. This is for reference only; specifics should be based on actual market conditions. #BTC☀ #ETH🔥🔥🔥🔥 $BTC $ETH