Currently, the market shows from the daily chart that BTC briefly broke through 100000 and has strongly rebounded to around 107000. The market has started to consolidate sideways at high levels, with the current short-term resistance level at 107000-109000 and short-term support at 106000-105000. Ether has also dipped again to around 2100 and rebounded above 2400. Currently, the resistance is seen at 2480-2500, and support at 2380-2350.

Looking at the 4-hour level, BTC has broken through the resistance level of 106000-107000, which can temporarily be regarded as support based on the top-bottom conversion. Currently, the upper resistance level is at the range of 108500-109000. The Ether trend is relatively weak, having broken through the resistance level of 2350-2400, which can currently be viewed as short-term support, with the resistance level at 2480-2500.

The current market has strongly rebounded after a deep dip, effectively testing support. The upward high has shown sideways movement instead of a decline. The long positions set up yesterday have also successfully taken profit. It is recommended to continue going long!

Operating Idea:

Current price BTC 106500-107000 go long, target 108000-109000, stop loss below 105500;

Current price Ether 2420-2430 long, target 2480-2520, stop loss below 2380; #Kevin Lee入驻Gate广场 #Gate Alpha上新 #加密市场结构原则法案