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The market trends of Bitcoin and Ethereum are at a critical moment. The Bitcoin daily chart shows a decrease in Trading Volume and presents a bearish candle pattern, with market sentiment appearing slightly weak. Currently, Bitcoin faces important resistance near 111200, while 106400 has become a key support below.
From the 4-hour time frame, Bitcoin price is under pressure and has pulled back, forming two consecutive bearish candles. In the short term, investors should pay attention to the resistance above 109600 and the two support levels at 108300 and 107300.
The hourly chart shows increased market volatility and the initial signs of a downward trend. Currently, the trading range for Bitcoin is mainly concentrated between 108400 and 109400. Investors should closely monitor the breakout situation in this range to assess the future market direction.
For Ethereum, the market also shows a certain level of volatility. Investors can pay attention to the resistance in the range of 2590 to 2620, as well as the support in the range of 2550 to 2525.
Overall, the current cryptocurrency market is exhibiting a certain level of uncertainty. Investors need to carefully assess risks when making trading decisions and closely monitor market trends. At the same time, it is important to note that the high volatility of the cryptocurrency market may lead to sudden price changes, making it crucial to set reasonable stop-loss strategies.
As the market continues to evolve, investors should also pay attention to broader factors such as changes in regulatory policies, macroeconomic conditions, and technological innovations, all of which could significantly impact the prices of Bitcoin and Ethereum. In this rapidly changing market, staying vigilant and continuously learning will be key to success.