Yesterday's market review
Yesterday, Bitcoin continued to pull back, which was consistent with expectations. The short-term downward channel is still continuing. There was no obvious negative news yesterday. The impact of the expected reduction in interest rate cuts still exists. Market confidence needs time to recover
The 4-hour level has fallen continuously. The market is still not optimistic. It is estimated that there will be a slight rebound today. Pay attention to the resistance of 65000-65500. Compared with BTC, Bitcoin is healthier, but it has also failed to get out of the shock range
The fundamental positives are also running out. ETFs may pass in the near future. The speculation expectations are also coming to an end. The macro environment is not optimistic. Expectations are still pessimistic. It is estimated that there will be a slight development in the day
Pay attention to the resistance of 3550-3600. The cottage continued to follow the mainstream correction yesterday. The current environment is not good. We still need to wait for clear signals. The rebound is not a reversal. It is recommended to wait and wait for the opportunity to enter the market
Intraday market Analysis
BTC 1-hour and 4-hour levels are below the healthy level, and the daily level is below the healthy level. The macro-environment is still affecting the market. The market is sluggish and mainly wait-and-see. The upper resistance is 65000-65500 and the lower support is 63000-63500. After a slight rebound today, the probability of continued correction is higher. Wait and wait patiently
ETH 1-hour and 4-hour average levels are still below the healthy value, and the daily level is not very healthy. The positive expectations have been exhausted. Pay attention to the range shock during the day. The upper resistance is 3550-3600 and the lower support is 3350-3400. After a slight rebound today, the probability of continued correction is higher. Wait and wait
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