Afternoon BTC and ETH Market Forecast and Analysis

I. BTC Afternoon Analysis

1. Current Trend: Early session bottomed near 78,700 and stabilized, rebounding above 79,500. The short-term bulls are favored, indicating an oversold technical correction, with no trend reversal signals.
2. Key Levels - Resistance: First resistance at 79,800-80,000, strong resistance at 80,300
- Support: First support at 79,200-79,000, strong support at 78,700
3. Trading Strategy: Focus on buying low, selling high as a supplement - Long positions: Enter after a rebound and stabilization at 79,200-79,000, target 79,800-80,000, break above for 80,300, stop loss below 78,700
- Short positions: Enter lightly when touching 79,900-80,100 with resistance, target 79,500-79,300, stop loss above 80,300
4. Key Note: A volume breakout above 80,000 is needed to continue the rebound; without volume, expect oscillation and pullback. Strictly cut losses and avoid holding through losses.

II. ETH Afternoon Analysis

1. Current Trend: Moving in tandem with BTC, rebounded after dipping to 2,233, stabilized above 2,250, fully following BTC’s trend, with no independent movement, and weaker rebound momentum.
2. Key Levels - Resistance: First resistance at 2,268-2,275, strong resistance at 2,290
- Support: First support at 2,250-2,245, strong support at 2,230
3. Trading Strategy: Follow BTC closely, prioritize buying low - Long positions: Enter after a rebound and stabilization at 2,250-2,245, target 2,268-2,275, watch for 2,290 after BTC breaks resistance, stop loss below 2,230
- Short positions: Enter lightly at 2,273-2,278 when facing resistance and BTC encounters resistance, target 2,260-2,255, stop loss above 2,285
4. Key Note: If BTC weakens, ETH will fall more sharply. Do not aggressively hold short positions against the trend.