BTC Market Analysis:
This week, the trend of Bitcoin (BTC) has shown a slight decline followed by a rebound, but the strength of this rebound seems to be lacking. Observing the one- and two-hour charts, it appears to have entered a rebound phase again.
The market's focus is on the position of 96282. The key point is whether the closing price on the four-hour chart can hold this level. If it can hold, we may see further increases to higher price points such as 97427, 99325, 100360, etc. Especially if the daily level can break through 100360, the possibility of a second surge will greatly increase.
However, if the closing price on the one-hour chart falls below the support level of 95246, then the small-scale rebound may come to an end, and the market may test lower levels again such as 93664 and 92338. The pin-like focus points for these two positions are 90286 and 88069.
ETH Market Dynamics:
Ethereum (ETH) has already shown a rebound and reached the resistance level of 3337 on the four-hour chart. Next, continue to focus on key positions such as 3400, 3500, and 3566. If these resistance levels can be effectively broken, the price may rise further.
On the contrary, if the closing price on the four-hour chart falls below the support level of 3289, then this round of rebound may be declared over, and the market may test lower levels again such as 3215, 3104, and 3038.
