$BTC $ETH Resistance level reference:

#BTC下跌分析

First resistance level: 57250

Second resistance level: 57800

When the price breaks through the first resistance level, it is expected that the bulls and bears will attempt to switch, which may also increase the view of further upward movement.

Due to the small trading volume, it is not suitable for breakthrough trading. Therefore, I suggest waiting in the callback range after the breakthrough to see whether the first resistance becomes support before intervening in the position.

Support level reference:

First support level: 56700

Second support level: 56000

If the first support level is maintained, the market will maintain the view of rebound. If the resistance of the downward trend line fails to be retested, it can be judged as a callback range.

The first support level is also a good risk-reward range. If the price of the currency falls further, it will be necessary to respond at 56K.

Today's trading suggestions:

In today's trading, Bitcoin may try to change its trend, and we can still maintain a bullish view in the short term. After breaking through the resistance zone, wait and see whether it becomes support before intervening in the position.

During the rebound, we can take 57K as the first target. If it falls below again, there may be further adjustment and decline. At the same time, we should also observe the lower shadow of the K-line.

Please refer to these suggestions when trading

7.9 Short-term pre-buried orders:

Long entry reference: 55600-56000 range, long in batches, defense 500 points, target 57250-57800

Reference for short entry: short in batches between 57800-58200, defense 500 points, target 56700-56000