Currently, the trends of $BTC and $ETH are actually at critical positions.
First, let's look at BTC: the monthly line has already broken below the previous low, indicating a bearish direction, but it hasn't fully formed a clear downward trend yet. On the weekly chart, it has closed in the red for three consecutive weeks, and it has been supported around 107000, but the effect is average because the previous low has still been lightly broken. Next, we should focus on the 107000 level; if it breaks down, the weekly level decline will be truly confirmed, and the next level to watch is the support at 102500. The positive aspect is that the weekly chart hasn't completely deteriorated yet, which is somewhat stronger than ETH. If it can break through 114500, it can reverse the previous downward trend in one go. ETH is not as strong as BTC, having declined for two consecutive weeks on the weekly chart, and has broken previous lows. The key support now lies between 4000 and 4100; if this is breached, the bears will become more rampant. The resistance upwards is quite obvious, first stabilizing the recent high of 4420. If these levels cannot be broken, it may continue to drop to 4000 to 4100. Overall, ETH is currently weaker than BTC.
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Currently, the trends of $BTC and $ETH are actually at critical positions.
First, let's look at BTC: the monthly line has already broken below the previous low, indicating a bearish direction, but it hasn't fully formed a clear downward trend yet. On the weekly chart, it has closed in the red for three consecutive weeks, and it has been supported around 107000, but the effect is average because the previous low has still been lightly broken. Next, we should focus on the 107000 level; if it breaks down, the weekly level decline will be truly confirmed, and the next level to watch is the support at 102500. The positive aspect is that the weekly chart hasn't completely deteriorated yet, which is somewhat stronger than ETH. If it can break through 114500, it can reverse the previous downward trend in one go.
ETH is not as strong as BTC, having declined for two consecutive weeks on the weekly chart, and has broken previous lows. The key support now lies between 4000 and 4100; if this is breached, the bears will become more rampant. The resistance upwards is quite obvious, first stabilizing the recent high of 4420. If these levels cannot be broken, it may continue to drop to 4000 to 4100. Overall, ETH is currently weaker than BTC.