A Brief Discussion on BTC and ETH

Bitcoin did not break below the bottom of the consolidation zone last night; after a downward move following a four-hour consolidation, it quickly turned back upwards. This evening, pay attention to the position at 95900. As long as it stays above this level, it will continue to rebound upwards on the 1-2 hour timeframe. The target/resistance levels to watch above are around 97225-98410-99370!

If it breaks below 95500 this evening, then the rebound on the 1-2 hour timeframe will fail and turn bearish. The next support level to watch below is the previous low at 95080; if it breaks below this, it will continue downward. The support levels to watch below are around 94200-93510-92475!

Ethereum rebounded last night just after hitting the second support level. This evening, pay attention to the position at 3380. As long as it stays above this level, it will continue to rebound upwards on the 1-2 hour timeframe. The target/resistance levels to watch above are around 3435-3482-3505!

If it breaks below 3380 this evening, then the rebound on the 1-2 hour timeframe will fail and turn bearish. The support levels to watch below are around 3315-3271-3225!