Intraday market analysis
Bitcoin (BTC) analysis:
Current situation: Bitcoin continued to fall yesterday, in line with expectations, and the macro environment and fundamentals continued to be negative.
Technical aspects: The 4-hour and daily levels have entered the oversold range.
Recent data: Yesterday's non-agricultural data did not show obvious negatives.
Short-term outlook: The decline should be stopped in the short term, and a repair market will be launched, and oversold rebound opportunities can be gambled.
Today's strategy: Pay attention to the rebound situation, and spot gambling can be considered in the short term.
Resistance and support levels: The upper resistance level is 57000-58000, and the lower support level is 55500-55800.
Ethereum (ETH) analysis:
Current situation: Following the simultaneous decline of Bitcoin, the macro environment is still not optimistic.
Technical aspects: The 4-hour and daily levels have entered the oversold range.
Recent data: On-chain activities are sluggish, and negative factors continue.
Short-term outlook: The decline should be stopped in the short term, and a repair market will be launched, and there is a chance to rebound.
Today's strategy: In the short term, you can consider gambling and wait for a deterministic signal.
Resistance and support levels: The upper resistance level is 3050-3100, and the lower support level is 2900-2930.
Altcoin sector:
Current situation: Following the decline of mainstream coins, most of the coins have fallen sharply.
Today's strategy: Mainly wait and see, watch more and do less.
Conclusion
In the current oversold range, you can pay attention to short-term rebound opportunities, but you should remain cautious and wait for a deterministic signal before operating.
Again, at this stage, we are all laying out some good coins
Those who believe, are interested, and want to witness the strength
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