Yesterday we mentioned the rebound at the 2-4 hour level, and the view that Bitcoin is still in a wide range of fluctuations, and also gave the view on the rebound time, but from the perspective of the rebound strength and time, it is weak. It rebounded for half a day and was beaten down, indicating that it is still in a bearish trend. To stop the decline, it is necessary to find a balance point downward many times before the market can get effective support~

Focus on whether this balance point can appear in recent days. In the short term, Bitcoin continues to support downward at 60,000, and Ethereum is in the range of 2900-2950. If there is a needle or acceleration, refer to the large-scale position we gave before~

If the short-term support level is effectively supported and rebounds, then Bitcoin must at least effectively break through 63,000 and Ethereum must break through 3080 before there is hope of gradually improving. Otherwise, the market will continue to fluctuate and consume or look for a new support level downward~#BTC🔥🔥🔥🔥🔥🔥 #eth