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Let's take a closer look at the overall market trend.
Last night, market sentiment suddenly shifted. Influenced by the sharp drop of US Gu, Bitcoin experienced a sharp decline, with the lower point touching the 85140 level. Currently, it is consolidating weakly below 86000 in a narrow range. The short-term bearish dominance remains unchanged, and the pullback indicates strong resistance above, with rebound momentum gradually weakening, further reinforcing the short-term downtrend.
Ethereum's recent movement is highly synchronized with Bitcoin, but its volatility is relatively greater. Yesterday, it rebounded from a low of around 3024, reaching a high of about 3170. Subsequently, influenced by the US Gu crash, it also retraced quickly, with the low dropping to around 2890. It is now fluctuating around 2920. There is a short-term correction need; if support below is effective, a small rebound may occur again.
Currently, Bitcoin faces resistance at around 90,000, with strong support at around 80,000; Ethereum's resistance is near 3200, with support around 2800.