The rebound in the market is not sudden, but rather the result of multiple tests of support levels. After a week of consolidation, the outlook for the subsequent market trend is also positive. Currently, the main positions around 89,200 for Bitcoin and around 3,050 for Ethereum seem to be good entry points. The leading coin of the World Cup, CHZ, has also become a target for capital allocation and has seen a decent increase. This circle works like this: where the enthusiasm is, the capital will follow.
Bitcoin's current resistance is near the previous high of 95,000, which is a key resistance level for Bitcoin to return to 100,000. Ethereum's resistance is around 3,320, which is also a critical point. Breaking through and then retesting without breaking support is a signal of a market reversal.
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The rebound in the market is not sudden, but rather the result of multiple tests of support levels. After a week of consolidation, the outlook for the subsequent market trend is also positive. Currently, the main positions around 89,200 for Bitcoin and around 3,050 for Ethereum seem to be good entry points. The leading coin of the World Cup, CHZ, has also become a target for capital allocation and has seen a decent increase. This circle works like this: where the enthusiasm is, the capital will follow.
Bitcoin's current resistance is near the previous high of 95,000, which is a key resistance level for Bitcoin to return to 100,000. Ethereum's resistance is around 3,320, which is also a critical point. Breaking through and then retesting without breaking support is a signal of a market reversal.