Hello everyone, I am A Gan, let me talk about the current market situation

#BTC The Bitcoin is slowly coming down, after breaking the key support at 95000 it continues to move down slowly, currently the bearish trend is evident, there is strong support below at 85000, if it goes down here there is still a drop of 10,000 points, but it doesn’t mean that once Bitcoin breaks the level it will just crash down, there should be a small rebound before going down again.

Currently focusing on the important turning point for the rebound at 97000, if the rebound can stabilize above this level, the bullish trend can continue, if the rebound fails to reach this level, it is recommended to primarily short in the short term, and exit if the turning point is broken.

#ETH Ethereum was relatively strong last night, but with Bitcoin wanting to go down, it also pulled Ethereum down in the early morning. If you are trading spot, there is no need to worry, just hold on. For the medium to long term, holding is the way to go, making money is just a matter of time. For short-term players, it is suggested to find strong support before re-entering. The strong positions for Ethereum are 3260 and 3030. If Ethereum does not strengthen itself and only follows Bitcoin, then it’s advisable to buy in batches when it reaches these two positions.

Reminder, the current market situation is quite complex, Bitcoin wants to go down, while Ethereum may not necessarily follow because it has already risen less and has the probability of a rebound. As long as Ethereum breaks above around 3600, it will continue to slowly climb back up after a pullback. However, the problem is that no one knows when the rebound will occur. If Bitcoin continues to drop, and Ethereum does not rebound, it will definitely be dragged down as well. So everyone should be clear on how to operate. The conservative approach is to wait for Bitcoin to hit the limit down before entering, while the aggressive approach is to buy in batches at effective strong support when it drops.

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