Overview of Bitcoin and Ethereum Market Trends and Future Outlook

Since 12 o'clock yesterday, Bitcoin has experienced a 13-hour continuous decline, and Ethereum followed suit, dropping from around 2610 to 2450, resulting in many long positions being trapped and a surge in bearish momentum.

Although Bitcoin fell, it did not break the previous low, showing a pattern of accumulation of highs moving down and lows rising, or accumulating momentum for the impact of 112,000. The key is to see whether it can hold 102800 today, if the physical negative line falls below this level, it may further decline to 98500; The upper 105300 - 106200 is a strong pressure area, and the short order can be considered to leave the market after standing firm. Bitcoin stopped falling at 103,300 and rebounded to 105,000 in the early morning, indicating strong buying support below.

The trend of Ethereum is aligning with Bitcoin, with lower highs and higher lows, gathering momentum to challenge the resistance level of 2880, aiming for 3300, and short-term support at 2220. The financial sector is shaken due to the impact of the war, but the cryptocurrency market as a whole shows resilience. Looking at the monthly chart, the target for Ethereum is between 3300 - 3700, currently in a consolidation and accumulation phase, with spot staking providing bottom support. It is recommended to position in advance to avoid chasing highs.