Let's take a look at the market trend

After the market's sharp decline in the past two days, Bitcoin has fallen to a support level of 60,000, and Ethereum has also fallen to a support level of around 2,800. It began to rebound yesterday and is currently in a consolidation phase with strong bottom support. It is expected that the short-term trend will remain volatile. The four-hour chart shows that although there is a large upward movement, the momentum is not enough. After all, such a large correction must take a breath before going up. It is currently pulling near the middle track. Therefore, the rebound situation that we are concerned about today has the power to break through further.

Currently, Bitcoin's short-term pressure is at 66,000, and the support has moved up to 63,000; Ethereum's short-term pressure is at 3,200, and the short-term support is at 2,900.