Market trend analysis:
BTC：
Technical analysis: 1 hour and 4 hour levels are below the healthy level, and the daily line is also below the healthy level. A correction is expected.
Support: $56,000-56,500
Resistance: $58,000-58,500
Operation suggestion: Consider light follow-up when the price pulls back to the support level.
ETH：
Technical analysis: The 1-hour and 4-hour levels are below healthy levels. The daily line is also sluggish, with insufficient volume and the downward trend has not changed.
Support: $2320-2370
Resistance: $2470-2520
Operation suggestion: It is recommended to wait and see, and wait for clear signals from the market before deciding on any action.
What is the Bitcoin “halving situation” like?
Some people say that "halving will lead to price increase" is a market law, but others believe that this is just a gimmick used by market makers to hype the market.
If you look at this year’s data, you will find that Bitcoin’s halving performance is really not very good. According to historical data:
2012: 739% increase after halving
2016: 10% increase after halving
2020: 22% increase after halving
2023: 8% drop after halving
The previous "halving surge" seems to be no longer so obvious. The market is becoming more and more mature, and the direct impact of halving is also weakening. However, the psychological effect of halving still exists and may cause market fluctuations.
in conclusion
Although the market is full of fluctuations, historical experience and data remind us that it is very important to remain patient and vigilant during this adjustment period. Pay attention to the technical aspects, plan the operation strategy reasonably, and seize the opportunity!
