Early Insights

Bitcoin

I mentioned to everyone at noon that the rebound strength was very weak as it did not pull back to the right level. Today, Bitcoin attempted the four-hour resistance at 96,300 multiple times but failed to close above it. After breaking below 95,400 at the one-hour level, it came down directly. Currently, the first support at 93,600 has been broken, and the next support is near 92,300. If it breaks below that, we will look at the two positions near 90,300 and 88,000.

The rebound resistance above in the early morning: around the two positions of 94,600 and 95,800. At least, the four-hour level needs to close above 95,800 for the rebound strength to increase; otherwise, it will continue to move downward.

Ethereum

Ethereum has broken the level again on the four-hour chart. The important support below at 3,210, if broken, will look at the two positions near 3,100 and 3,040. The early morning rebound resistance is at 3,320. If the four-hour level closes above this resistance, the rebound strength will increase. The upper pressure looks at 3,400 and 3,500.