Crypto Market Sees Relief as Bitcoin and Ethereum Rebound

The cryptocurrency market has seen some relief in recent days as major assets have rebounded from their lows. Bitcoin, or BTC, has broken out of its price range below $60,000, while Ethereum has risen by 20% to a high of $1,800 after hitting a new low of $1,512.

The price movement is seen as within expectations, but the author is not entirely pleased that Ethereum broke below the $1,800 support level. However, the $1,512 mark is considered interesting because it corresponds to 10,000 yuan when converted to RMB, and every major integer price level can act as potential support.

The trend suggests that if more funds are applied, the price can be pulled up easily, but violent price oscillations will become more frequent before the market is pulled back up by main players. The author advises viewers to 'cherish the chips you hold.'