At present, the upward trend of BTC and ETH has been completely broken, and it is only one step away from the long-term support moving average. The unemployment rate is likely to hit a new high in the evening non-agricultural data, and the probability of a rate cut in September is basically 100%.
BTC broke through the previous low of 63456 last night and recovered. The daily line basically formed an M-head structure, but it recovered after breaking the neckline. At present, it has not been confirmed that the actual breaking trend has not been confirmed. If it does not break the neckline at 63456, it will temporarily rebound within the day.
BTC is still in a downward trend in the 4-hour Bollinger Band, but it has also reached the lower track. The trend reversal for stability is expected to stand on the 65500 middle track. Combined with MACD, there is a golden cross trend in the short term. It should fluctuate between 63500-65000. You can enter a bottom position near 63500 points.
ETH is under pressure now, and Grayscale has not yet finished smashing it. It is less than 100 points away from the lowest point of the big trend line. The probability is very high. As mentioned earlier, first look at the big trend line 3000, and you can enter a bottom position at 3080-3100; then the starting point is 2800. If it reaches this point, then start over and start again.
