On Tuesday, the price of the coin plummeted in the early morning, dipping to the 94000 level before rebounding to the 97000 level. Since the morning, the article has consistently provided references at 98000/3800 for a bearish outlook continuation. After the fluctuations in the morning, the price of the coin continued to decline as expected in the evening. Throughout the day, the focus was on bearish strategies, and the morning layout captured a total of 4079 points, while simultaneously securing 296 points from Ethereum. The market took off again!

Overnight, global stock markets fell, with the Dow Jones Industrial Average, Nasdaq Index, and S&P 500 Index all closing down. As a result, the cryptocurrency market also showed a downward trend. Additionally, Nvidia is under investigation by the market regulator for suspected antitrust violations, causing its stock price to drop by 2.55%. This series of events has triggered a sense of unease in the market, leading to a significant retreat in the prices of Bitcoin and Ethereum.

Currently, Bitcoin has once again retraced to the early morning spike at the 94000 level, with the daily chart showing consecutive declines breaking through the middle track. The 4-hour chart has also shown consecutive downward movements, leading to a downward opening of the BOLL indicator, with auxiliary indicators continuously pointing downward, clearly indicating a weak trend. Short-term resistance levels are continuously moving down, with midnight resistance focusing on the 96200 level and short-term support at 92500.

Regarding Ethereum, since failing to stabilize above the 4000 mark, it has been relatively weak. After two trading days of sideways movement, it directly experienced a large downward move, with the bearish trend continuing to decline. Support was broken repeatedly, and there are currently no obvious signs of a halt. At midnight, the focus is on the early morning spike position at the 3470 level, and if it retraces without further continuation, it may form a double bottom pattern to curb the bearish trend.

On Tuesday at midnight, Bitcoin's reference is around the 96000 level for shorting, with support at the 92500 level. Ethereum's reference is near 3600 for shorting, looking down towards 3470. #加密市场回调 #市场回调抄底还是观望？