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Complete deposit and trading tasks to receive random LOT airdrops. Exclusive Alpha trading task await!
Recently, the cryptocurrency market has seen a significant rise, reportedly related to ceasefire news. However, for investors, the real reasons behind the market are not the most important; the key is how to seize opportunities for profit.
In terms of Bitcoin, the recent trend has been strong, with prices breaking through the 100,000 USD mark. For those investors who missed the previous low points, entering the market now may require more caution. Currently, Bitcoin is in a small-scale top consolidation phase, and investors should closely monitor key resistance levels around 106,500, 108,900, and 110,000 USD. Investors holding long positions from the bottom may consider gradually reducing their positions at these levels.
Ethereum has also performed well, reaching a high of $2440. If it breaks through $2445, the next targets may be $2545, $2600, or even $2670. Similarly, near these key resistance levels, investors holding long positions may consider taking some profits.
Looking at today's market, the key support level for Bitcoin is around $104,420. As long as it does not break below this level, the upward trend is expected to continue, and investors can pay attention to resistance levels above such as $106,045, $107,745, and $108,900. However, if it breaks below $104,420, it may trigger a 1-hour level pullback, at which point support around $103,275 and $102,000 needs to be monitored.
Overall, the current market shows strong upward momentum, but investors should remain vigilant and closely monitor key price levels, adjusting their position strategies as needed. Regardless of how the market changes, rational analysis and risk management are always key to successful investing.