Alert 🚨

BTC and ETH have reached a resistance level from the previous round of sharp decline and rebound.

Chasing highs now may lead to being trapped during a pullback, although the bottom support is also quite high, almost touching the resistance level.

However, be cautious of a drop that could occur after a failed breakout.

Figure 1 is for ETH, and you can see I’ve drawn many lines, which represent the continuously rising support levels.

BTC is also currently at a short-term high.

Summary: It might be better to look at other altcoins first, as many altcoins are still at a low level due to the magnitude of their previous declines.