📌01 Review of Yesterday
BTC: Yesterday's lowest point was 85160, highest point was 90070, with a fluctuation of 4910, amplitude of 5.4%
ETH: Yesterday's lowest point was 3211, highest point was 3449, with a fluctuation of 238, amplitude of 6.9%
📌02 Today's Analysis
BTC
Currently, Bitcoin is at 87700, with a 30-minute line forming an upward converging triangle. It is now near a support level. In the short term, the outlook is bullish, with resistance at 90000. It is important to note that if it drops below 87000, it will enter a dangerous phase, with the first support level at 85000! The overall trend continues to look bullish, and Bitcoin needs to break through 90000!
Bitcoin short-term resistance: 90000
Bitcoin short-term support: 87000
ETH
Currently, Ethereum is at 3230, and after yesterday's decline, there has been no significant rise. It is now hovering near a small support level, which is not a good sign. If there is no strong rebound at the support level, it indicates weakness, and it is likely to break below that support. We now rely on Bitcoin to lead Ethereum to continue rising!
Ethereum short-term resistance: 3320
Ethereum short-term support: 3150
📌03 Article Summary
The market is currently in a correction phase of an upward trend, which particularly tests our operational strategy. During the rise, our profits are only floating. Any slight correction in the market could have a significant impact on altcoins. Therefore, at critical moments, we must learn to reduce positions. It’s better to earn a little less than to risk a large drawdown in profits while pursuing higher risk profits!
If you have any questions, feel free to ask me. Welcome to join the Long Brother family!
