Today's market analysis + wealth code sharing
First, let me share the market trend:
1️⃣ BTC 4-hour K-line trend:
Resistance level above: around 97685 to 99900
Support level below: around 94350 to 95530
If this support level is broken, it may go to around 90,000 USD! Be sure to defend well!
2️⃣ ETH 4-hour K-line trend:
Resistance level above: around 3450 to 3500
Support level below: around 3310 to 3380
Technical analysis:
First, the 4-hour K-line of Bitcoin shows a shrinking rise! The 4-hour K-line experienced a top divergence yesterday, with the price deeply retracing and breaking below the support level of the price channel around 97700. Currently, it is still fluctuating at the high point of the price channel, and the trading volume performance is poor, with weak rebounds. Please pay attention to the pressure level of the price channel around 97970. The current market has not yet stabilized, so do not blindly chase highs, and be cautious of risks! Currently, this is a rebound after a decline, and there is still a possibility of a second bottom test!