Good evening, everyone. Now it is just in time for the 4-hour closing. Let me analyze today's market trend for you.
Yesterday, Bitcoin and Ethereum rebounded as expected after hitting the bottom. Bitcoin stabilized and rebounded at the monthly support level of $58,000. This is normal because the price will not keep falling, and chips are needed to smash the market.
Today's market analysis:
- BTC: The current 4-hour chart shows a rebound, and the price fluctuates sideways at a high level. If the 4-hour closing today can be above $61,150, it is still in a rebound state, and the upper target/pressure level is around $62,440, $63,300 and $64,000. Only by breaking through and standing above $64,000 can we see how big the trend is. If it falls below $61,150 today, the rebound will end and turn to a short market, and the lower support level is around $60,250, $59,250 and $58,200.
- ETH: The current 4-hour chart also shows a rebound, and the price fluctuates sideways at a high level. If the 4-hour closing line today is above $3375, it is still in a rebound state, and the upper target/pressure level is around $3428 and $3480. Only by breaking through and standing above $3480 can we see how big the trend is. If it falls below $3375 today, the rebound market will end and turn into a short market. The lower support level is around $3335, $3284 and $3213. $BTC