The market was in a weak oscillation consolidation pattern throughout yesterday, and in the after-hours session, it was dragged down by the performance of the U.S. stock market, continuously falling below multiple key support levels, with the lower point reaching around 106300. As of now, the market shows a slight rebound trend. It is worth noting that recently, the market has been affected by insufficient liquidity during the trading hours, and has not been able to escape a large-scale rebound trend. During the range-bound process, the strength of long positions is clearly weak. Currently, we have entered a critical Node at the end of the week and the end of the month, and the uncertainty of short-term trends has increased. Moving forward, attention needs to be paid to the growth of trading volume; if trading volume can effectively increase, it may bring rebound momentum to the market; if trading volume remains sluggish, then the current oscillating downward trend is likely to continue.
Ethereum similarly exhibited a weak operational pattern yesterday, with Fan pressure being evident. During the downward process, there was a lack of You effect support, and the low point dipped to around the 3670 level. Whether the short-term trend can improve depends critically on the stabilization situation at the 3800 level. Currently, the pressure for the pie has shifted down to the 112000 line, with short-term support at the 105000 line; Ethereum's pressure is at the 4000 line, with strong support at the 3500 line.
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The market was in a weak oscillation consolidation pattern throughout yesterday, and in the after-hours session, it was dragged down by the performance of the U.S. stock market, continuously falling below multiple key support levels, with the lower point reaching around 106300. As of now, the market shows a slight rebound trend. It is worth noting that recently, the market has been affected by insufficient liquidity during the trading hours, and has not been able to escape a large-scale rebound trend. During the range-bound process, the strength of long positions is clearly weak. Currently, we have entered a critical Node at the end of the week and the end of the month, and the uncertainty of short-term trends has increased. Moving forward, attention needs to be paid to the growth of trading volume; if trading volume can effectively increase, it may bring rebound momentum to the market; if trading volume remains sluggish, then the current oscillating downward trend is likely to continue.
Ethereum similarly exhibited a weak operational pattern yesterday, with Fan pressure being evident. During the downward process, there was a lack of You effect support, and the low point dipped to around the 3670 level. Whether the short-term trend can improve depends critically on the stabilization situation at the 3800 level.
Currently, the pressure for the pie has shifted down to the 112000 line, with short-term support at the 105000 line; Ethereum's pressure is at the 4000 line, with strong support at the 3500 line.