Hello everyone, I am A Gan, let me talk about the current market situation.

#BTC Bitcoin continued to break new highs today, reaching around 99420, just 600 dollars away from the 100,000 dollar threshold. Although the 100,000 dollar mark doesn’t seem to show pressure, there are likely many bears at this significant round number. Looking at the trend, Bitcoin is still very strong. Last night, Bitcoin dropped to 95600 but rebounded and hasn't gone down since. Currently, 95600 is considered a relatively effective support level for 4 hours. A small support is at 97500. Under normal circumstances, if Bitcoin pulls back and stabilizes, it will continue to challenge new highs around 100,000. Therefore, if there is a pullback, short-term longs can still find support to build positions in batches. For example, if it drops to 97500, take the first position, then add another at 96000. If it falls below 95500, stop loss should be set. For take profit, aim to exit near 100,000, the risk-reward ratio is still adequate. A reminder about Bitcoin risk, pay attention to the potential pullbacks in spot trading. If your position is heavy, you can reduce your holdings appropriately and wait for this wave of adjustment to replenish your position afterward.

#ETH Ethereum also attempted to break through the daily resistance of 3450 today but did not succeed, reaching around 3430 before pulling back down. Ethereum must break through the 3450 position to gain more upward momentum. If it pulls back and you have no position, you can still build one. In spot trading, take a position at 3330, and add another if it drops by 100 points. It is quite difficult for it to drop below 3000 in the short term unless there is a significant adjustment in Bitcoin that drops below 80000; only then might Ethereum break below 3000.

Currently, among the popular public chains in the entire market, Ethereum has risen the least. Most of the others, like #SOL #XRP and #SUI , have already reached historical highs. Therefore, the focus should be on Ethereum next. Remember to buy on pullbacks; once it breaks through, it will also rise significantly.

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