Bitcoin
The current main support level for BTC is $60,365. If the price of Bitcoin falls below this level, it may trigger a further correction with a potential target of around $55,000. This is a key line of defense that deserves close attention.
Bitcoin is currently testing the resistance range between $64,000 and $65,000. If it can successfully break through this range and the trading volume increases, it may see the price rise further to $67,500 in the short term, and even challenge the psychological level of $70,000.
Recommendations
If Bitcoin can break through $65,000 and is accompanied by an increase in trading volume, short-term buying can be considered, with target prices seen at $67,500 or higher.
If the price pulls back and breaks below the $60,365 support, we will suggest reducing our positions or considering shorting as this could trigger a deeper correction.
In general, Bitcoin is currently in a critical technical position, and market sentiment is optimistic, but it still needs to be operated with caution. Remember, the market is changing rapidly, and reasonable risk management is the key to successful investment.
Ethereum
Currently, the key support level for Ethereum is $2,500. If the price falls below this level, especially with increased trading volume, it may trigger further declines, and the next support to watch may be around $2,400.
In the short term, Ethereum's resistance range is between $2,600 and $2,650. If it can break through this range and increase in trading volume, Ethereum is expected to rise further, with a target price of $2,700 or higher.
Recommendations
If Ethereum breaks through $2,650 and is accompanied by increased trading volume, short-term buying can be considered with a target price of $2,700 or above.
If the price falls below $2,500 and the volume increases, there may be further declines and it is recommended to consider reducing positions or shorting.
The current market sentiment for Ethereum is relatively stable, but we need to pay attention to the overall market trends and changes in key technical indicators, especially the performance of important support and resistance levels.
