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Today, Bitcoin and Ethereum both experienced a rebound after reaching their lows, stabilizing their positions.
First, let's talk about Bitcoin$BTC . It just dropped to a low of 87,200, then pulled back and is now fluctuating around 89,900. From the market view, its resistance level is around 91,140, which is the upper band of the Bollinger Bands. Only a break above that would indicate a true strengthening. The support level is at 87,900, which is the lower band of the Bollinger Bands. Holding this level could still allow for a rebound.
Ethereum$ETH is similar; it dipped to 2,860 and has now recovered to 3,000. The resistance level above is 3,080, and the support level is at 2,896, both of which are the upper and lower bands of the Bollinger Bands.
Overall, these two mainstream cryptocurrencies have temporarily stabilized their downward trend but have not yet fully escaped the oscillation pattern. The key now is whether they can break through the resistance levels. If they can push past, a new upward wave may begin; if they fail to break through, caution is needed for another dip.#加密市场回调