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Evening BTC and ETH Market Analysis
This rally: focus on BTC at 71400 and ETH at 2200, both at the 50% retracement level of daily downtrends. If the evening continues rallying and holds above this level without breaking, the probability of a daily trend reversal is extremely high, likely to move toward the previous high on a daily-level wave. At this position, short positions should only be light, add on breakouts, and if a strong breakout doesn't reverse, directly short at previous highs or add shorts.
BTC evening focus on 70000, if not broken on pullback remains bullish trend, resistance above at 71900-72800-74300.
If breaks below 70000, trend weakens, support below at 69000-67400-65660.
ETH evening focus on 2110, if not broken on pullback maintains bullish trend, resistance above at 2190-2240-2288.
If breaks below 2112, bullish trend weakens, support below at 2088-2032-1990.
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