Bitcoin experienced a pullback this morning, and the timing for short or long positions is still not very clear. In the short term, the key support level is in the 93,000 to 94,000 range, which is worth continuous monitoring. From an upper perspective, around 98,000 remains an important resistance level. Once this resistance is effectively broken, a breakthrough towards the 100,000 mark is not impossible. As for Ethereum, it generally follows Bitcoin's rhythm, and the two have a strong correlation.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Bitcoin experienced a pullback this morning, and the timing for short or long positions is still not very clear. In the short term, the key support level is in the 93,000 to 94,000 range, which is worth continuous monitoring. From an upper perspective, around 98,000 remains an important resistance level. Once this resistance is effectively broken, a breakthrough towards the 100,000 mark is not impossible. As for Ethereum, it generally follows Bitcoin's rhythm, and the two have a strong correlation.