Discuss market outlook
After BTC attempted to break 100,000 last week but failed, it has recently led the entire market into a correction. The current price is around 93,000. From the chart, 93,000 is a resistance level that was broken after a week of accumulation; now that it has broken, the resistance has turned into support and is currently serving its support role. If it falls below this level in the next couple of days, the next support range would be between 87,000 and 92,000, and any position within this range could potentially be a stopping point.
For ETH, I believe it is currently in a pre-launch phase. In June to August this year, it formed resistance around 3,550. Once this level is broken, it is highly likely that ETH will start its own independent market.
Last week, ETH completed a short-term bottoming process around 3,000, making this level a solid support point recently. Additionally, this price level is also a previous gap that has not been fully filled, indicating strong support. As long as it does not drop below 3,000, there is no reason to sell.
