On the second day of the release of the risk control bible, a pullback has occurred again! Bitcoin has first fallen below support; where should the focus be in this round?
In the last week, it has risen by over $23,000. Our big brother Bitcoin is tired, let's take a break, what's wrong?
--- We cannot look for a stop to the pullback until we quickly recover above 86,500.
--- Pay attention to the ascending trend line in the first chart as support; the intraday price is around 84,000.
--- After stopping the decline, it is very likely to form a structure; trading after the structure appears will have a higher win rate.
The higher-level structure continues to look bullish.
👉 Support at 84,800/81,900, resistance at 86,500/89,555
The periodic key position for Ethereum is around 3,200-3,220, above which there is hope for short-term gains. However, it mainly still follows the big brother; currently, there is no independent trend, and if the big brother does not stop declining, it will be futile.
Support below at 3,070/(2,870-2,770), the latter can be used for a phased accumulation plan; this is very important.