Market Analysis

$BTC : Bitcoin, as analyzed yesterday, repeatedly verified the support near 60,000 US dollars. This morning, because of Israel's attack on Iran, Bitcoin once again verified the support position near 60,000. At present, it has temporarily gained support. In fact, there is no need to worry too much, because Israel and Iran cannot fight each other. Both sides have to launch retaliatory actions to save face, so the short-term attack will end soon, so everyone has seen that the market rebounded quickly. Now at the 4-hour level, if it recovers above 63,500, the market will bid farewell to the falling mode in the short term and will continue to adjust further. If it fails to recover above 64,500 quickly, it will have to adjust in the short term, but the possibility of continued decline is small.

$ETH: There is no independent market at all, and it goes up and down with the market. Although this wave of rebound has returned to above 3,100, the current support level of 3,000 is no longer there. However, I think there will be an independent market after Ethereum halving, because of the demand for replenishment. After all, Bitcoin has reached a new high for several rounds, and ETH has not performed yet.