Last night's market is still evolving. Here's an update on the latest views for Ethereum and Bitcoin.
On the Ethereum side, 2900 is a very critical level. If it doesn't hold and breaks below 2895, we can consider entering short positions, targeting the 2830 range. Conversely, if you want to go long, you'll need to wait for a breakout above 2980 for a better chance.
The situation with Bitcoin is similar. The 86724 level is very important. As long as it hasn't broken, bullish traders at lower levels can try entering around 87500. But if it drops below 86500, then the outlook shifts to 85500. For long positions, you must wait for a breakout above 88000 before taking action.
Overall, these key support and resistance levels need to be maintained, as the market direction will largely be decided around these points.
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RektButAlive
· 5h ago
It's the same old argument about support and resistance; analyzing it is pointless when the level truly breaks.
If 2900 can't hold this time, I've already exited. Don't believe these levels.
Over 88,000 bulls? Wake up, let's see what happens after it breaks.
It's just a numbers game; who can really predict how the market will move?
I'm actually thinking of bottom-fishing around 2830, just waiting to see if it dares to drop that far.
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LightningWallet
· 10h ago
Talking about these numbers again, it's making my head a bit dizzy.
ETH is still hovering around 2900. Is it really going down this time?
Whether Bitcoin breaks 86,500 is the key; it feels like it's been repeatedly confirming in recent days.
I only dare to buy after breaking through 88,000 on the right side. That's too cautious, brother.
The rhythm of this market trend is a bit off.
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SlowLearnerWang
· 10h ago
It's the same old story again. I'm already tired of hearing about support and resistance levels.
Wait, did it really break 2900? Let me check the candlestick chart... Damn, I was too slow.
Basically, it's a gamble on whether these key levels can hold. If they hold, it goes up; if not, it drops. Isn't that obvious?
I just want to know who can accurately predict this stuff. Anyway, I've already lost money.
Every time, I only realize it afterward. Why didn't I think of that at the time?
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GasGasGasBro
· 10h ago
Here we go again, staring at these levels every day? I just want to know when it will break a new high.
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VitalikFanboy42
· 10h ago
Is this support and resistance again? Does it really work, brother?
Break below to short, break above to go long? Feels like it's always said like that, but what are the results?
Whether 2900 breaks or not, it mainly depends on what the big players think.
Waiting for a breakthrough of 88000? The hype is already cooling off, haha.
The current market is just oscillating; whoever can hit the right points precisely will make a lot of money.
If ETH can't hold 2895, why is it so quick to look at 2830? The decline is so big.
When support breaks, just find the next support. This logic is a bit...
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MetaverseLandlady
· 10h ago
The 2900 level really can't hold anymore, feels like it's going to break down.
Wait, can Bitcoin really drop from 86500 to 85500? That's pretty harsh.
It's the same support and resistance talk again. Can you explain properly how to distinguish a breakout from a false breakout this time?
Long positions above 88000? Wake up, is it really that easy to go up right now?
I bet on 2830. If it retraces to 2900, I'll cut.
Feels like this wave will shake out retail investors again. 88000 is really overestimating.
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LiquidationWatcher
· 10h ago
Is this support and resistance theory again? Can't you just say whether it's going up or down?
Can 2900 really hold? It feels like it's already broken.
Wait, are you talking about the real-time price? What is ETH at now?
This brother is very persistent about the lines.
I think the 86,500 hurdle is uncertain.
Anyway, I bought the dip halfway up the mountain, you guys do as you please.
Last night's market is still evolving. Here's an update on the latest views for Ethereum and Bitcoin.
On the Ethereum side, 2900 is a very critical level. If it doesn't hold and breaks below 2895, we can consider entering short positions, targeting the 2830 range. Conversely, if you want to go long, you'll need to wait for a breakout above 2980 for a better chance.
The situation with Bitcoin is similar. The 86724 level is very important. As long as it hasn't broken, bullish traders at lower levels can try entering around 87500. But if it drops below 86500, then the outlook shifts to 85500. For long positions, you must wait for a breakout above 88000 before taking action.
Overall, these key support and resistance levels need to be maintained, as the market direction will largely be decided around these points.