Early Morning Insights

Bitcoin

I mentioned to everyone at noon that without a proper pullback, the rebound strength is very weak. Today, Bitcoin attempted the four-hour resistance at 96,300 multiple times. It couldn't close above it, and on the hourly level, it broke below 95,400 and came down directly. Currently, the first support at 93,600 has been broken, and the next support is looking at around 92,300. If it breaks below this, we will need to pay attention to the positions around 90,300 and 88,000.

The rebound resistance above in the early morning: around 94,600 and 95,800. At least for a four-hour level close above 95,800, the rebound strength will increase; otherwise, it will continue to decline.

Ethereum

Ethereum has broken down again on the four-hour chart. The important support below is at 3,210; if this level is broken, we are looking at around 3,100 and 3,040. The rebound resistance in the early morning is at 3,320. If the four-hour level closes above this resistance, the rebound strength will increase; the upper resistance is at 3,400 and 3,500.