1. About BTC
According to the latest daily chart analysis, BTC rebounded after encountering a pin bar (a possible technical indicator signal) near the price of 98519. However, it is worth noting that the support level on the daily chart has been broken, indicating the beginning of a correction at the daily level. The resistance points are 101757, 102877, and 103870, respectively. If the market cannot effectively break through these resistance points, a second failed attempt to rally may occur, further triggering a daily level correction.
On the daily chart, BTC’s important support level is located at 98519. Once this level is broken, it may trigger a deeper decline until it reaches key price levels such as 95696, 94137, and 91000. Investors should remain highly vigilant regarding this.
2. ETH
As for ETH, its daily support has recently been broken, and after rebounding to near 3900, it has begun to show a pattern of consolidation and decline. The current resistance points are 3709, 3760, and 3820. If market forces cannot effectively break through these resistances, it may trigger a second bottoming action.
In the second bottoming scenario, investors should pay attention to the two support levels of 3512 and 3478. Once these support levels are broken, ETH may further decline to positions such as 3358 and 3260. Investors need to carefully consider the balance of risk and reward when making trades.