#BTC☀
《Bounce or Reversal — Current Market Analysis》
After a week of consolidation, the market welcomed an upward trend as this week comes to a close. The BNB and SOL that everyone prioritized for replenishing positions yesterday were both added at relatively low levels.
The Bitcoin trend appears to have encountered resistance around 85300 and has started to retreat, with support near 82500. Only if it stabilizes above 85000 can we expect further breakthroughs. The weekend is approaching, and the market still needs to wait.
The oversold Ethereum trend is slightly stronger than Bitcoin. On the hourly chart, it seems to have stabilized around the support level of 1930, with resistance around 1950 being a key bullish position, just like the resistance at the Bitcoin 95000 level. Support is near the 1900 level.
During the decline, PNUT, which we positioned around 0.17, has seen a nice rally today. If it breaks through the resistance at 0.19, there may be a slight pullback. If it stabilizes at 0.19 during the pullback, we can look to see the reduction position near 0.244 that we mentioned earlier. Just be patient and wait.
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