Good morning everyone on Saturday! It has been a continuous downtrend for several days, how should we view today?
No one supports my ambition to reach new heights; I will tread through the snow to the mountain top. When you have experienced certain things, the scenery in front of you is no longer the same as before.
In the four-hour time frame, the current price comparison shows a sustained weak downtrend, and the downward opening of the current operating channel is continuing. With the further development of the actual price arrangement, it is expected that the price comparison will continue to face downward pressure.
In the short-term analysis, Bitcoin has failed to effectively dip, closing with a bullish candle and entering a consolidation phase, showing a clear oscillation pattern. Observing the auxiliary indicators, the moving averages have shown signs of curving upwards, while the volume indicates a contraction characteristic, suggesting a demand for a rebound in the short term. Considering these factors, subsequent operations should mainly adopt a short-selling strategy on rebounds.
Bitcoin rebound range 95000-95500 down to 93000-93500
Ethereum rebound range 3380-3400 down to 3200-3250
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