Midnight Insights and Trading Suggestions
BTC:
The market for Bitcoin over the weekend has been relatively stable, but after a dip at the four-hour support level of 100870, BTC rebounded, indicating that the upward momentum has not diminished.
Rebound Pressure:The one-hour level has started to rebound, with the primary rebound pressure located at 101576. If it can stabilize above this level, we will successively look towards higher pressure levels of 102594, 103655, and 104648.
Support Below:If it cannot stabilize at 101576, it may drop to the four-hour support level of 100870. Only when the four-hour close falls below this price will the bullish momentum weaken, potentially triggering a four-hour level pullback. The support levels below are at 99801 and 99076.
ETH:
Ethereum is also rebounding near the support level of 3838 in the evening.
Rebound Pressure:The primary rebound pressure above is at 3900. If the four-hour close can break through this price, the market will re-enter a bullish phase and may look towards higher pressure levels of 3946 and 3987.
Support Below:If the four-hour close fails to break through 3900, it may continue to pull back, with support below at 3838 and 3800. If the daily close falls below 3838, the daily level may begin to pull back, and long positions should be cautious of risks.