Early Morning Insights

Bitcoin

Currently, Bitcoin is still in a four-hour level fluctuation, with resistance levels at 95600, 96600, and 97600. For Bitcoin to form a reversal, we need to wait for the daily line to break and stabilize above the resistance of 96600. On the downside, minor support levels are at 94000, 93500, and 92500. If it breaks below 94000, it will indicate a breakdown of the consolidation zone, leading to a second wave of decline.

Ethereum

Ethereum is currently experiencing a four-hour level rebound, with important resistance levels at 3400. If it breaks and stabilizes above this resistance at a minor level, Ethereum will see another wave of upward movement towards higher resistance levels of 3445, 3500, and 3550. On the downside, minor support levels are at 3360 and 3300. If it breaks below these two levels, it will indicate a breakdown of the consolidation zone, leading to a second wave of decline, with lower levels at 3220 and 3100.