Bitcoin and Ethereum Market Analysis in the Early Morning

Bitcoin and Ethereum experienced a violent drop last night, with a significant increase in positions. Bitcoin is at 32,000 points, and Ethereum is at 1,900 points, which should be enough for you to have a bowl! Currently, after a rapid decline in the market, Ethereum has dropped significantly, with a decline of about 300 points from its peak, reaching a low of around 3,410. Bitcoin has once again returned to the lower edge of its previous box structure, around 97,500. Tonight, we will pay attention to whether the 97,000 level can form support, as this position has been a support point for several pullbacks in the past few days.

Since the price has reached the lower edge of the box, we will not treat it as a breakout until it actually breaks down. Just like the repeated reminders last night and today that Bitcoin has not effectively broken through the resistance at 103,000, we can operate along the box structure as long as it does not break down.

Early Morning Operation Suggestions

Enter long positions for Bitcoin around 97,000 to 97,500, targeting around 99,000; enter long positions for Ethereum around 3,430 to 3,460, targeting around 3,550.

Get on board in just one week! Can't understand the trend, can't manage short-term trades well, hands-on teaching! #BTC重返10万 #本轮牛市周期预期 #微策略持续增持BTC $ETH $XRP #币安MegadropSOLV #币安MegadropSOLV $BTC