Analysis of BTC and ETH Market Trends at the End of the Month

BTC was in a weak and fluctuating consolidation pattern throughout the day yesterday, and continued to decline in the evening due to the downward pressure from the US stock market, consecutively breaking through multiple key support levels, with the lower point approaching around 106300. As of now, although there has been a slight rebound, the recent lack of liquidity during trading has made it difficult to initiate a large-scale rebound, with the bullish momentum clearly weaker in the tug-of-war between bulls and bears. Currently, we are at a critical point for the end of the week and the end of the month, and the uncertainty of short-term trends is increasing. Attention should be focused on changes in trading volume—if trading volume effectively increases, it may inject rebound momentum into the market; if trading volume continues to be sluggish, the downward oscillation trend is likely to continue. Currently, BTC's resistance level has moved down to 112000, with short-term support at 105000. Analysis of BTC and ETH market trends at the end of the month.
BTC showed a weak sideways consolidation pattern throughout the day yesterday. In the evening, it continued to decline under the drag of the US stock market, breaking through several key support levels, with the low point approaching around 106300.
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