BTC market analysis
BTC hit the lowest point of 67080 yesterday and then started to stop falling and rebound. The market was strong at noon and directly broke through the 70,000 mark, but then fell back after being blocked near 72780. The current currency price is running around 71550. The four-hour K-line shows continuous closing of cross stars, indicating that the bullish gains are limited, the highs are gradually lowering, and the short-term is facing obvious pressure demand. Pay attention to the 70,000 integer support. If it breaks, focus on the 68,500 area. After the daily level broke through a new high, it still did not stop obviously, and the bulls are still strong. In a unilateral market, there is no obvious top pattern, so do not blindly short. The downward space is limited, and breaking new highs may further heat up the price. It is recommended to go back to lows and longs first, and high altitudes as a supplement. The upper level is suppressed at 72000-73000, and the lower level is supported at 70500-70000.
ETH market analysis
Ethereum rebounded again after the overall rebound. It broke through the 4k mark yesterday and moved up to the 4088 line until it was blocked. The current currency price is running around 4035. The market at the four-hour level fell back to 4k without breaking and then went up again. However, the top tested 4080 many times and failed to stand firm. The short-term trend is fluctuating at a high level, MACD shows that bulls are running endlessly, and the two lines are glued together. The current fluctuations are not big, mainly shocks. Short-term bullish stagflation at the daily level is expected, and there will not be much movement in the white market. The benefits of the recent Cancun upgrade are about to materialize, and it is expected that there will be a sharp drop after the implementation. The short-term trend is not strong, and the white market is expected to continue to fluctuate until it breaks the high point. The long-term fundamentals are good, and every correction is an opportunity to enter the market. It is recommended to focus on low and long positions, supplemented by high altitude. The upper pressure is at 4080-4170, and the lower support is at 3960-3880.
