At present, from the daily level, the price of Bitcoin closed with a negative K-line after breaking the previous low of 56500. It began to rebound after reaching the 53500 line, and the rebound strength was somewhat beyond expectations. It has now reached the 58000 line. The market still has a similar rapid rebound trend as in the previous period. The pressure level is 58500-59000. The signal for the bulls to start again can be seen at the 60000 mark. The daily rebound of Ethereum is basically in line with expectations. After breaking the 3100 line, it must bottom out at the previous low of 2800. According to the previous trend, , the 2800 line will not be easily broken, and the subsequent layout of short orders is also at the pressure level of 3030-3050. The subsequent bullish restart signal can be seen at 3150-3350; at the 4-hour line level, Bitcoin rebounded after falling to around 53,300. It is currently showing a strong V-shaped rebound and breaking through the new pressure level of the previous low of 56,500. The short-term pressure is temporarily at 59,000-60,000, with support at 56,500. Ethereum has just reached the previous low of 2,800 and rebounded. It has now reversed to 3 Around 070, short-term pressure is 3100-3150, support is 3000-2900;
The above picture shows the two market trend forecasts released above. The current market has gone out of the rebound trend. As for whether it can start the long market again like the previous trend, the important nodes are 61500 for Bitcoin and 3350 for Ethereum. I personally think that this trend is different from the previous one. This wave of market is still optimistic about the continuation of the short position. The short position of Bitcoin was arranged at 58000-58500 the day before yesterday, and the target was 57000-5 6000, short Ethereum at 3180-3200, target 3100-3000. The previous article also highlighted the idea of continuing to look at the continuation of the short position. This wave of short trend is optimistic that Bitcoin can reach 50,000, while Ethereum looks at the previous low of 2800. At present, Bitcoin personally feels that it has not yet adjusted in place. It is expected to test the pressure in the future, and then continue to test the 52,000-50,000 line. Ethereum needs to look at the support of the 2800 line. If it breaks, continue to look at the 2600-2400 line!
Operation idea: Look for the continuation of the short position, and continue to rebound and short!
Bitcoin short at 58500-59000, target 57500-56500, loss above 59500;
Ether short at 3100-3130, target 3050-2950, loss above 3160;
Professional team gold medal analyst Ruo Yu
