Market analysis in the early morning:
Just now, Bitcoin and Ethereum had a strong pull. Ethereum is stronger than Bitcoin. Ethereum has performed well in recent days. Ethereum daily KDJ has formed a golden cross and is ready to turn upward. Bitcoin is still relatively weak!
Ethereum pushed the speech during the day that as long as the 4-hour closing line stands above 3390, it will go up. It will pull up to the third pressure level of 3480 given by me during the day and then start to pull back. At present, the 4-hour level is rebounding strongly. If it falls back in the early morning, pay attention to the 3428-3395 position below. If it falls back and does not break, go long. As long as it does not fall below these two positions, the 4-hour level is still rebounding upward. Pay attention to the upper target/pressure level near 3478-3518.
If it falls below 3395 in the early morning, the 4-hour rebound will end and the market will turn short. Pay attention to the support level near 3365-3335-3283 below!
The big cake just pulled to the first pressure point given during the day and then began to pull back at a small level. Pay attention to the position of 61350 in the early morning. As long as the 4-hour level does not fall below this position, the 4-hour level will start to rebound upward. Pay attention to the upper target/pressure level near 62440-63300-64000!
If it falls below 61350 in the early morning, the 4-hour level rebound will fail and the market will turn bearish. Pay attention to the lower support level near 60700-60250-59250!
