Night CPI market analysis: BTC is approaching the bull-bear dividing line, and the market is experiencing historic fluctuations
Night CPI landed. Referring to the previous CPI market, the mainstream is entering a new trend. At the same time, BTC is approaching the bull-bear dividing line, breaking the 4-month shock deadlock.
You can pay close attention to the market in the near future. The long-short game is coming to an end, and the market is experiencing historic fluctuations. I am also keeping a close eye on the market and will synchronize the operation and analysis to the group. Everyone can communicate in the group
BTC:
BTC: ETF funds continue to flow in, which supports BTC. BTC enters a volatile trend, the hourly line makes an M head to bottom out, the hourly line has repeatedly inserted pins and fallen back, confirming the new M head trend, and the hourly line top divergence bottoms out. BTC bottoms out and tests $55775.
Resistance level: 57932, 59276, 60353
Support level: 55775, 54193, 53356
ETH:
There are many large amounts of ETH transferred into the platform, which suppresses ETH. ETH made a top divergence to test the bottom, and the hourly line inserted a pin to confirm the high point, entering the bottoming market. The US dollar below is the key point of the box formed on July 9-July 12. Only by standing firmly at $3062 can it further bottom out and strengthen. Next, ETH will rebound at $3062.
Resistance level: 3127, 3195, 3273
Support level: 3062, 3014, 2957