Thursday evening BTC/ETH analysis and operation

Today, the BTC market showed a dramatic fluctuation pattern of "first suppressing and then rising". After the early attempt to break through the 111000 integer level failed, the bears quickly took control, resulting in a sharp decline that reached 107800. This rapid drop is not a signal of a trend reversal, but rather a "stress test" for the strength of the support from bulls below, laying a solid foundation for the subsequent rebound.

From a technical structure perspective, 107800 has become a new strong support level for the day. This rebound from the bottom has formed a higher local low, breaking the balance of the previous oscillation range and providing a solid platform for subsequent upward movement. Currently stabilizing above 110000 indicates that market sentiment has shifted from cautious hesitation in the morning to a positive bullish outlook, with a clear dominance of bulls in the short term. If it can effectively break through and stabilize at the 112000 level, it will further open up upward space, and technical resistance will significantly weaken, with the next target likely aiming directly at 115000 and the historical peak area.

In terms of operational strategy, it is recommended to focus on a bullish approach and seize layout opportunities during pullbacks:

BTC
Resistance above: 112000, 114500;
Support below: 109800, 107500.
ETH
Resistance above: 3960, 4050.
Support below: 3870, 3800.
#BTC #ETH #参与创作者认证计划月领$10,000 #GatePay国家码功能上线 #美联储如期降息25基点