Hello everyone, I am A Gan, let's talk about the current market trend.

#BTC Last night around 23:45, the contract surged to 92700 before starting to pull back, hitting a low of 89700 before beginning to rebound. After dropping 3000 points from the high, it rebounded again, reaching around 92150 at its peak. As of now, everyone is still hovering at a high position, with pressure at 92700, strong pressure at 93500, minor support at 88700, and strong support at 85000. From a technical analysis perspective, the trend of Bitcoin is indeed very strong, continuously hovering at high levels, with a chance of breaking new highs. However, I personally believe that above 91000, risk control should be implemented. If there are those chasing the market and going long, they must avoid holding onto losing positions. As mentioned earlier, if it hovers too long without breaking through, there is a probability of a downward adjustment. If it does not stabilize at 85000, the pullback could be significant, and after the adjustment, we can sprint for the next wave.

#ETH The second coin surged from around the low of 3050 yesterday. The first wave reached around 205 before starting to pull back, rebounding by 150 points. Later, it hit a low again near 3095 before beginning to rebound, slowly reaching the high resistance area near 3228, but failed to break through the pressure level above 3240. Last night, the second coin had two waves of increase that did not follow Bitcoin's surge. Looking at the funding rate for the second coin, there are many long positions, all betting on Ethereum’s catch-up. The market seems to be speculating because in the popular public chain sectors, the second coin has not increased much, while others have all surged to historical highs. Therefore, more and more people are betting on Ethereum's subsequent catch-up. Yesterday, we also took a position in the live broadcast betting on Ethereum's catch-up, but it did not go up and instead dropped. Currently, Ethereum's pressure remains unchanged with a daily line pressure of 3450, daily line support of 3110, 4-hour pressure of 3340 and 3240, and support at 3090 and 3030. If it drops, support around 3030-3050 is still a good place to build a position, as the risk-reward ratio is quite favorable. For short-term trades, take profit at the pressure, and for long-term trades, build positions in batches, adding more if it drops further.

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