Morning market deduction
$BTC The market mentioned in the early morning deduction today that I think the short market has not ended at the moment. The current decline of 113% has entered the sideways range. The upper pressure is at 61220u. If it does not break this price, it will continue to go down. The short target will first look at 60144u and then 59785u.
However, for the short side, judging from the life cycle and strength of the market, this wave of decline wants to continue to hit the staged low of the daily line, and a wave of continuous sideways trading at the daily level is needed. Strictly speaking, the four-hour level has gone through 7 waves of downward trends, which is unhealthy and relatively abnormal.
$ETH Ethereum is currently unable to go up or down. Many people are looking forward to Ethereum going up. After all, it has been so resistant to declines in the past few days, and then bringing the market up, I think this is impossible. The current upper pressure level of Ethereum is 3409u and 3456u, of which 3456u will become the last pressure level of Ethereum's daily line. After breaking through, the daily line will enter a rebound market. At present, I am not optimistic about the rise of Ethereum from the market analysis. The four-hour level is in a sideways state. If the market continues to go down, the support below is 3322u and 3271u.
Bitcoin's weekly level has already entered a correction market. If Ethereum closes below 3350u this week, the view that Ethereum is resistant to falling will no longer exist... The real air force will exert its strength.
