Afternoon BTC/ETH Market Forecast and Analysis



1. BTC
The morning rally was followed by a continuous decrease in trading volume, with a clear signal of stagnation at high levels. In the afternoon, it is highly likely to continue fluctuating and retreat, testing lower support zones. If it breaks below 73,500, it will further decline to test the strong support at 73,000-73,200; if it holds above 73,800, there is still a chance to rally again and test the previous high of 74,800, but breaking through will be very difficult.
- Resistance levels: 74,800 (morning high), 75,000 (psychological barrier)
- Support levels: 73,800 (lower boundary of intraday oscillation center), 73,500 (key defense level), 73,000 (strong support)

Trading Strategy:
- Primarily short positions: If it rebounds to the 74,600-74,800 range, consider opening short positions with a stop loss at 75,100, targeting 73,800-73,500; breaking below targets 73,000.
- Supplementary long positions: Lightly buy on dips around 73,500-73,600, with a stop loss at 73,200, targeting 74,200-74,500, quick entry and exit.

2. ETH
The morning rally faced similar volume deficiency issues, and in the afternoon, it is highly likely to decline together, testing the support zone at 2,320-2,330. If it breaks below 2,320, it will further decline to test 2,300-2,310; if it stays above 2,330, there is a chance to rebound and test the previous high of 2,390, but breaking through 2,400 will be very difficult.
- Resistance levels: 2,390 (morning high), 2,400 (psychological barrier)
- Support levels: 2,330 (lower boundary of intraday oscillation center), 2,320 (key defense level), 2,300 (strong support)

Trading Strategy:
- Primarily short positions: If it rebounds to the 2,380-2,390 range, consider short positions with a stop loss at 2,405, targeting 2,330-2,320; breaking below targets 2,300.
- Supplementary long positions: Lightly buy on dips around 2,320-2,330, with a stop loss at 2,305, targeting 2,360-2,380, quick entry and exit.
BTC3,99%
ETH5,54%
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