BTC and ETH market analysis

Recently, BTC has suddenly fallen in large volume, but from a fundamental point of view, there is no obvious negative news. It is currently speculated that the decline may be affected by the decline of US stocks, but the decline is beyond expectations. The so-called "dog dealer" in the market has always been elusive.

In view of the current situation, investors are advised to wait and see during the day. Consider taking action after the downward momentum of BTC decreases and stabilizes. Investors who have previously established positions can continue to hold and wait for the subsequent rise. Because from the perspective of the big cycle, the overall expectations have not changed, the bull market trend still exists, and there will be many potential positive factors such as interest rate cuts and FTX funds. Therefore, we should maintain an optimistic attitude towards the long-term trend of BTC.

As for ETH, its trend is basically synchronized with BTC, and it has also fallen in large volume, as if "returning to the pre-liberation era overnight." Similarly, it is also recommended to wait and see during the day and wait for the price to stabilize before making a decision. When the price pulls back to the support level, you can consider whether to continue to follow up.

As for today's intraday market, BTC's lower support is 95000 and its upper resistance is 98500; ETH's lower support is 3300 and its upper resistance is 3480. Investors need to pay close attention to the breakthrough of these key points in order to better grasp the market trends and investment opportunities.