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Market Analysis丨Bitcoin and Ethereum surge then pull back, focus today on the support levels during the retracement
Looking at Bitcoin from the daily chart, yesterday’s long lower shadow bounced off the MA60 daily moving average. Currently, the short-term resistance is at 9.45, and the key is whether it can break above this level effectively. On the 4-hour chart, the MA30 daily moving average provides support around 9.17. If the price retraces to this level without breaking below, it’s a bullish opportunity. On the 1-hour chart, the MA120 daily moving average also aligns with the 9.17 level; holding this support could be a signal to consider going long.
Ethereum’s situation is a bit different. On the daily chart, the price is approaching the MA256 daily moving average at around 3350, very close. If today’s price drops near this level, it could be an opportunity to short. Support levels to watch are the 4-hour MA10 daily moving average at 3250, and further down, the 1-hour MA60 daily moving average at 3210. Today’s trading range is roughly between 3200 and 3350; trade according to which side shows strength.
**Noon Trading Recommendations** (Published at 14:30)
$BTC: Going long at around 9.2. Add to positions if it retraces to 9.1, targeting 9.3 to 9.4. If there is selling pressure in the 9.35 to 9.45 zone, shorts could look for a retracement of 1000 to 2000 points.
$ETH: Focus on long positions around 3220. Add to positions if it retraces to 3170, with targets at 3280 to 3330. If resistance appears at 3350 to 3400, consider shorting for a retracement of 600 to 1000 points.
The accuracy rate of daily analysis strategies remains quite stable. Analyzing these markets takes effort, and I hope everyone can support by following, bookmarking, liking, and commenting. Thank you all. Feel free to discuss in the comments; I will reply to each one.
#数字资产行情上升 $BTC $SOL