2.4
BTC
The House of Representatives passed the funding bill, which is now sent for Trump’s signature, ending the shutdown. The market's shutdown period was roughly as we expected, not very long. Next, we will focus on when the decline will stop. Currently, Bitcoin is facing a key level at 71300, which is also the upper edge of a previous consolidation zone. We have noticed that in the past couple of days, the market has been oscillating around 76000, as the cost of MicroStrategy is near this level. At this position, we haven't seen any obvious signs of a stop in the decline, but near the previous accumulation area around 71300, there is a high probability of a rebound. We will watch if it can stabilize above 81700; if it cannot, the trend remains downward. In summary, we can monitor the divergence at the four-hour level at this position and observe whether the K-line can rebound to the zero axis. In conclusion, there will be a slight rebound at this position, with support at 73100-71300 and resistance at 77700-79000.
ETH
Ethereum is similar; currently, there is no complete stop in the decline. At the same time, we need to pay attention to the four-hour level repair. In summary, as long as it does not break 2175 during the day, there will be a slight rebound, focusing on around 2370 for the rebound, with support at 2175-2050 and resistance at 2320-2375-2430.
