BTC:

Today is Thursday

The price of Bitcoin has rebounded to the range of 96500 to 97300, indicating a relatively strong momentum in this rebound.

However, it is still just a rebound after all. Around this price level, it is easy to form a secondary peak, which is slightly lower than the previous highest point.

Moreover, from the hourly price trend, peaks often present themselves in this secondary high form. If the Bitcoin price falls back, it will likely target the range of 93000 to 93700 for a downward test, with the overall price trend still revolving around the low point that appeared on December 1.

Looking at Ethereum, its price has currently reached 3700. Now we need to observe whether this price can be blocked. If it encounters resistance at this level and cannot rise, it will at least fall back to around 3400. If the price of 3700 can continue to be broken through, then it is very likely to rise toward the previous high point around 4200.

In terms of timing, it mainly corresponds to the changes in Bitcoin's price trend.