Today's Market Observation

Bitcoin (BTC)

Bitcoin encountered a support level of about 55,600 on the intraday level and rebounded. The current price is close to the double top resistance area at the four-hour level, around 58,500.

Although a false break was formed near 58,000 points, the closing situation at the four-hour level has not yet been determined. At present, we need to pay attention to the trading volume performance on the four-hour chart.

Objectively speaking, it may fluctuate around this position before testing the decline. The first support point during the day is in the range of 56,000-56,500. If it falls below 56,000 points, we need to pay attention to the support situation in the range of 54,800-55,300.

Ethereum (ETH)

Ethereum's trend is relatively weak and is still in the resistance area, which is slightly inferior to Bitcoin's strong performance.

Yesterday's support point was 2,280, but the rebound was limited and failed to effectively break through the current resistance.

Pay attention to 2,320 as the main support line during the day. If it falls below this level, you need to pay attention to the second support line in the 2,200-2,240 range.

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