Today's market focus analysis

Bitcoin (BTC):

Today's market fell below the defensive position of $60,000 and is now close to the previous low of $56,000. #btc70k

I personally expect that the market is unlikely to form a double bottom at this position, and it is more likely to continue to fall.

On the four-hour chart, the resistance range needs to be paid attention to between $58,600 and $59,000. If there is an oversold rebound and it shows strength, special attention should be paid to the resistance level of $60,000.

Considering the large decline, a strong rebound is also normal. The lower support is first around $56,000. If it falls below, it may directly look at the defensive position of the $53,600 to $54,000 range.

Ethereum (ETH):

The intersection of ETH's upward and downward channels has been broken, and the current market trend is also not optimistic. #ETH大涨

The highest point of the recent round of rebound was slightly below $4,000. Now we need to pay attention to whether the overall trend will fall back to the $2,800 line. If it continues to fall below, it depends on whether there is a bargain hunting opportunity near $2,200.

Therefore, pay attention to the resistance range of the intraday level today, first around $3,160, and then in the range of $3,200 to $3,240. Oversold rebound is also a normal market behavior, and there is no need to think that the market will reverse too early.

If the intraday level falls below the integer mark of $3,000, it is necessary to focus on the defensive position near $2,860 to $2,900, especially the key support of $2,800.

At present, it is recommended to wait and see, and consider bargain hunting layout after the market stabilizes. The market is currently in a stage of volatility adjustment, and it is necessary to respond cautiously, maintain flexibility, and adjust strategies according to market conditions. #德国政府转移比特币 #ASI代币合并计划 #BTC走势分析

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