According to FXStreet, the EUR/CNY currency pair is approaching a breakout above the long-held 38.2% Fibonacci retracement level, a critical resistance point that traders are closely monitoring. The potential breakout could signal a shift in market momentum, offering opportunities for traders to capitalize on the upward movement. Analysts suggest monitoring the pair's behavior around this level for possible entry or exit points. (Source: FXStreet)

According to Cas Abbé, Bitcoin ($BTC) has once again touched the 0.618 Fibonacci support level, a level that previously marked significant bottoms at $25K and $49K. This technical indicator suggests potential support for $BTC below $80K, which traders might consider when assessing market entry points. Historical patterns indicate that this level has been a reliable indicator for Bitcoin's price corrections, making it a crucial point for traders to monitor. [Source: @cas_abbe]

According to BitMEX Research, their trading strategy is primarily focused on Fibonacci increments. This suggests that they may use Fibonacci retracement levels as key indicators for making trading decisions in the cryptocurrency market.