📌01 Yesterday's Review
BTC: Yesterday's lowest point was 67446, highest point was 69393, with a fluctuation of 1947 and an amplitude of 2.8%
ETH: Yesterday's lowest point was 2410, highest point was 2496, with a fluctuation of 86 and an amplitude of 3.5%
📌02 Today's Analysis
BTC
The current Bitcoin price is 69280. After breaking below the 69500 flag support, it started a short-term rebound at the 68000 upward trend line support. It has now reached a resistance level. To continue to be bullish, Bitcoin needs to stabilize above 70000. If it keeps hovering around 69000, a new phase of oscillating downward may begin, potentially lasting until the end of the year!
Short-term resistance for Bitcoin: 70580
Short-term support for Bitcoin: 67200
ETH
Currently, Ether is at 2485. The last analysis indicated important support around 2400. After reaching a low of 2410 last night, it started to rebound, temporarily holding important support, with strong resistance above at 2720!
Short-term resistance for Ether: 2560
Short-term support for Ether: 2435
📌03 Article Summary
The short-term trend for Bitcoin is relatively dangerous. In this rebound, if the downward trend line resistance at 70500 cannot be broken, then 70000 will be the next high point for this round. Those with heavy spot positions need to reduce their holdings!
Tomorrow is the American election, but results will be out on the 6th. The final resistance at 70500 needs support from the election results. Be aware of significant fluctuations in the next two days; contract traders must set good stop-loss orders!
If you have any questions, feel free to ask me. Welcome to join the Dragon Brother family!
