The long position idea shared yesterday was still damaged by the decline in the early morning, which is a pity
Bitcoin lost 500 points, and Ethereum lost 40 points
From the overall trend, the price bottom has not been broken, and the support is still valid
Bitcoin price has rebounded to 70100, which is also the support point of Fibonacci 0.382 in this round of trend, and the price has not fallen further
The lowest price of Ethereum has reached 3760, which is also near the lower track of the four-hour, and is also near the more important support in the early stage, and the final closing price is still It closed above the middle track of the daily line, and the price stabilized initially.
From the overall trend, the performance of the bottom support is still very good. After the price fell to the key support area, it was supported and rebounded. So our overall thinking is still to maintain the idea of retreating and taking more. In the evening, we can focus on the release of non-agricultural data, and we can participate in the short-term in the white market.
The upper pressure of 71000 is the four-hour MA7 daily moving average pressure, and the lower support 70600-70200 is the four-hour middle track support and the Fibonacci 0.3382 support!
The upper pressure of Ethereum focuses on 3850, which is the key long-short conversion point in this round of trend. The lower support focuses on 3800, which is the four-hour MA60 moving average support. Too many declines in recent times have been supported to a certain extent here. If the white market falls below, it depends on the support near 3760 below and the key support 3720!
