Time 0125
BTC: The decline early this morning only pushed the price to around 39,500 and then rebounded. This position has also been the short-term support formed since the 23rd. However, the rebound height did not break through the 40200 pressure level. It is expected to fluctuate within the range of 39500~40200 during the day. If 40200 is broken and holds, then further gains (to around 40700) could be seen. The support levels are 39500 and 38500, and the pressure levels are 40200, 40700 and 41300.
ETH: Weakness follows the big pie. It should maintain a volatile downward trend in the near future. The support levels are 2180 and 2120, and the pressure levels are 2230 and 2340.
Operational suggestions: Neutral to weak. The market will then trade sideways for a few weeks, digesting the selling pressure from Grayscale. Then within 1 to 2 months, it rebounded to around 46,000 to form the right shoulder of the head and shoulders top.
Watch more and move less, place an order at the support level to buy the bottom.
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