Bitcoin ( BTC ) has continuously shown upward momentum since hitting the bottom yesterday, but an obvious spike and drop pattern can be observed in the hourly timeframe. The current market shows a clear resistance level around 106,500 USD, and investors should focus on the 106,500 - 107,100 USD range for intraday operations. It is worth noting that if there are no major news impacts over the weekend, the short-term support level should be focused on the 104,000 - 103,500 USD range.
Ethereum ( ETH ) shows a similar performance to BTC, demonstrating strong resilience in the low point area after a sharp drop in the early stage. It is currently in a phase of oscillation and repair, trying to move upwards. The short-term resistance level needs to be closely monitored in the range of 2620-2650 USD, which coincides with the starting point of yesterday's decline, holding significant technical significance.
The crypto market is highly volatile, with prices changing rapidly. Traders should use real-time market data as their primary reference and always prioritize risk management, setting reasonable stop-loss levels to protect their capital.
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Crypto Assets market analysis today:
Bitcoin ( BTC ) has continuously shown upward momentum since hitting the bottom yesterday, but an obvious spike and drop pattern can be observed in the hourly timeframe. The current market shows a clear resistance level around 106,500 USD, and investors should focus on the 106,500 - 107,100 USD range for intraday operations. It is worth noting that if there are no major news impacts over the weekend, the short-term support level should be focused on the 104,000 - 103,500 USD range.
Ethereum ( ETH ) shows a similar performance to BTC, demonstrating strong resilience in the low point area after a sharp drop in the early stage. It is currently in a phase of oscillation and repair, trying to move upwards. The short-term resistance level needs to be closely monitored in the range of 2620-2650 USD, which coincides with the starting point of yesterday's decline, holding significant technical significance.
The crypto market is highly volatile, with prices changing rapidly. Traders should use real-time market data as their primary reference and always prioritize risk management, setting reasonable stop-loss levels to protect their capital.