Bitcoin Breaks Through 58,000, Is Ethereum Topping Out?Yesterday (please add the specific date), Bitcoin touched a low of 55,515 and climbed to a high of 57,954, with a fluctuation of 2,439 and an amplitude of 4.2%
Bitcoin Breaks Through 58,000, Is Ethereum Topping Out?
Yesterday (please add the specific date), Bitcoin touched a low of 55,515 and climbed to a high of 57,954, with a fluctuation of 2,439 and an amplitude of 4.2%. Ethereum, on the other hand, fluctuated between a low of 2,275 and a high of 2,388 yesterday, with an amplitude of 4.7% and a fluctuation of 112.
Analysis for Today:
Bitcoin (BTC): The current price has broken through 58,000, with strong momentum on the 30-minute chart. After a pullback last night, the price quickly broke through the previous high. If it can hold above 58,500, the next target will be 60,000-61,000.
- Short-term Resistance: 58,500
- Short-term Support: 56,500
Ethereum (ETH): The current price is 2,365, and the KDJ indicator has shown a "dead cross", indicating a clear short-term top. Support lies around 2,300, while the 4-hour level resistance is at 2,400.
- Short-term Resistance: 2400
- Short-term Support: 2300
Summary: If Bitcoin can hold above 58,500, the market outlook is bullish. From a technical perspective, the market seems to be accelerating its pace towards a decisive direction. Currently, the decline in altcoins is not significant. Keep an eye on the performance of altcoins after the next Bitcoin pullback. If the pullback in altcoins is not substantial, consider buying the dip.
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