Bitcoin (BTC) showed strong strength in weekend trading, breaking through the resistance level of 102594, with an exceptionally clear upward momentum. We can analyze the market's performance from the support and resistance levels.
Support Level: The market is currently making a small retracement to the support level at 101576. If this level is not broken, the upward trend of the market is expected to continue. Like a solid fortress, this support level provides a strong backing for the bullish trend.
Resistance Level: Above, we see several important resistance levels, namely 103655 and 104648. These resistance levels are like obstacles on the road, requiring market strength to overcome one by one. If the market unfortunately breaks below the support level of 101576, it may trigger a slight hourly pullback.
Ethereum (ETH) is also in active motion, once again challenging the four-hour bullish-bearish pivot point at 3900. For ETH, support and resistance levels are equally important.
Support Level: If ETH fails to solidify above the 3900 level by the end of the four-hour trading period, investors need to closely monitor several support points below, including 3830, 3800, and 3730. These support points are like stable anchors, providing support for ETH during a downturn.
Resistance Level: Conversely, if ETH can successfully solidify above 3900 by the end of the four-hour trading period, it means the pullback phase has ended. At this point, investors need to pay attention to several resistance levels above, including 3946, 3988, and 4088. These resistance levels are like milestones on the road ahead, waiting for ETH to conquer one by one.