At noon on Wednesday, the market analysis of BTC and Ethereum is as follows:
After the opening of the U.S. stock market last night, the market fluctuated violently. Bitcoin once touched the trend line pressure of 68,000, but then fell back, falling to a minimum of 64,800. However, from the daily line pattern, there is no sign of a top reversal.
At present, the main resistance level above Bitcoin is 68,000. If the rebound can stabilize at this position, the daily line will still be bullish. In the short term, the hourly line has rebounded in a V shape, but failed to break through the previous high. However, most of the losses have been recovered and the price has not fallen today. Short-term resistance is concentrated at 67,500. If this position is broken in the afternoon, it is expected to continue to rise to 68,500.
The trend of Ethereum also follows accordingly, reaching a high of 2,688 and a low of 2,537. It is expected that today's market will fluctuate between yesterday's highs and lows, and the 2,550 and 2,580 areas are worth paying attention to. Overall, the current upward trend is maintained, and the pattern technology remains in the main wave stage, and it is ready to rise after a short-term strong shock. Follow the public account Crypto Recorder, therefore, the operation idea is still mainly long.
Short-term operation suggestions for lunch:
- Bitcoin: Go long when it falls back to the 66300-66800 area, with a target of 67500-68500.
- Ethereum: Go long when it falls back to the 2550-2580 area, with a target of 2680-2730.
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