BTC/ETH Market Analysis: Key Levels and Strategy Guidance
In the cryptocurrency market, the BTC/ETH market is unpredictable. Last night, 4.7 billion CNY was liquidated, with 230,962 people wiped out, and the amount halved compared to last week.
BTC's 1h/2h level indicators may recover quickly by the 13th - 14th, while the 4h level is related to short-term rhythms, taking about a week if slow. The support is at 94,500 - 94,850/91,800, and resistance is around 97,000. It is currently in the 91,800 - 97,150 range, with a key battle at 97,150 today, affecting the subsequent consolidation range.
ETH support is at 3,515/3,445, and resistance is temporarily at 3,700. It touched 3,515 and rebounded early this morning, reaching a high of 3,673, and is now consolidating at 3,570. The trend is in line with expectations, currently in the fifth wave of a very short-term rebound rhythm, with the peak possibly at 3,650 - 3,660/3,705.
In terms of operation, for contracts, it is advisable to reduce frequency and avoid holding orders. Long-term spot holders should buy low at key levels and wait patiently for the second pullback to end and the main upward wave to begin; investment requires patience, do not rush for quick gains. #BTC00929
