1.8 Afternoon Insights and Operational Suggestions
BTC
The big bitcoin was smashed to pieces last night, sliding directly from 100600 to below 96000. Now it seems that if the bottom line of 96000 cannot be maintained, then we may have to look at 93175. The rebound after this wave of decline is quite weak. Let's first see if the pressure level of 96900 can be broken. Only if it is broken, the rebound will be stronger. The next pressure levels are 97900 and 99500. If 96900 cannot be reached, then 96000 is also in danger, and the support below will depend on 94500, 93175 and 92000.
ETH
As for the second bitcoin, I said last night that if the daily line does not close at 3500, the rebound will be suspended. Now the daily support has been broken. If it cannot reach 3500 this week, the weekly line will also go short. Want to pull the market? It depends on fate. At present, the small trend is still down, and the support below is 3300, 3215 and 3104. The pressure level of a small rebound is 3392. At least it must break through this level before the rebound can be a bit impressive. The pressure levels above are 3463 and 3545.
