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Ether????
BTC has broken below the key support level of 103500, and from the daily chart, it is currently in a bearish engulfing state, indicating that the market has started to shift from long positions to short positions. We will first look for a breakout in the small-level rebound around the 103500-104000 range. If the rebound fails to break through this pressure, the subsequent strategy will focus on short positions at high points.
For larger support levels, refer to 100400, with the second support near 98500. The recent market data has been unstable, with support and resistance levels being breached quite randomly, so it is important to implement risk control measures for both long and short positions!
Ether currently has support around 2350-2360, with a demand for upward rebound. The resistance levels for the rebound are 2420/2450/2480. If this rebound in Ether cannot effectively break through the 2500-2550 range, then the 1H level will turn bearish, and we will need to consider short positions at high points!
In spot trading, pay close attention to whether today's BTC rebound can effectively stabilize above the 103500-104000 resistance zone. If the rebound cannot hold above this level, it may be necessary to reduce some positions in spot trading. If it can hold above this pressure, spot trading can still be maintained!!!