Early this morning, the BTC market showed a direct upward trend, and it is expected that this momentum may continue.
From a technical perspective, the daily line shows signs of a corrective rebound, especially focusing on the current turning point of around 66,000 points. At the shorter intraday level, the key support level is first around 63,000.
Yesterday, ETH touched the resistance position of the 3360-3380 range on the four-hour level and then consolidated. In the early morning, it followed the rebound of BTC to 3500 points, which is also near the previous decline high.
From the current four-hour chart, we need to observe whether the 3500 point position forms a double bottom retracement. The first support level is in the 3300-3360 range.
As BTC moves towards the 66,000 point position, the key position of ETH will be in the 3560-3600 range.
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