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1.8 Thursday Bitcoin and Ethereum Early Morning Analysis
The evening market showed volatility, with Bitcoin's support level expected at 91,200. If this level does not break, the market may remain volatile, making it difficult to generate significant profits. The current market trend appears weak, and it is recommended to wait for a rapid decline in the 90,500-90,000 range, then watch for potential rebound opportunities. The resistance level for a nighttime market rebound is estimated at 93,000. If this level is not broken, the market may continue to stay weak. Only after breaking this level could there be a second surge, with upper resistance levels to watch at 94,000-94,700. Short positions can be considered within this range.
Ethereum experienced a rapid decline and broke support, with a potential rebound opportunity in the 3,130-3,100 range during the night. If no rapid decline occurs, the market may remain volatile with limited space. The resistance level for a rebound is estimated at 3,230. If this level is broken, there could be a second upward move, with upper resistance levels to watch at 3,300-3,350.
#BTC #ETH #BNB