5:20 PM BTC and ETH market outlook

BTC: The price of Bitcoin has risen sharply since last night, and it is currently approaching the resistance level of 107000. Throughout the day, the support level of 105000 should be monitored, with defense at 103800. If the price closes in four hours without breaking 105000, the upward trend will continue; and if 107000 and 109000 are broken and a new all-time high is recorded, a periodic investment in medium and long-term short positions can be made. If the price drops below 105000, one should look at 103800 and 102000.

ETH: Ethereum touches the previous resistance level at 2586, watch for support at 2530 and 2500; if not broken, the short-term buying pattern will remain intact, and the upper targets are 2650 and 2730. If the hourly line closes below 2530, buying weakens; and if 2500 is broken on the four-hour chart, we will look at 2430 and 2350.