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BTC: Over the weekend, Bitcoin was positively influenced by favorable news, directly breaking through the strong resistance area of 104,000, with a peak rebound around 106,600. Last Friday, I advised everyone to gradually open long positions in the range of 99,000-100,000. Currently, it seems appropriate to reduce positions at higher levels. The pressure at the upper range of 108,000-110,000 is still quite significant; only if the daily line stabilizes above 110,000 will this main upward trend fully initiate.
ETH: The current rebound strength is still quite strong, but the resistance at the upper range of 3,700-3,750 remains robust. If it does not stabilize above this level in the short term, a larger-scale rebound will not occur. The support below is around 3,400-3,450.
For more explanations, please patiently watch the video. If you have any questions, you can follow the public account: Ding Junxian.
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