Liang Xi's analysis is so detailed, everyone should read it every day.
The price of Bitcoin and Ethereum fell due to the news two days ago, and the whole cottage market was in a state of panic. Today is the weekend, and there is not much trading volume. Watch more and do less!
Evening market analysis:
Bitcoin is trading sideways in the current 4 hours, and the market is rebounding. Pay attention to the position of 56330. As long as it does not fall below this position, the 4-hour level will continue to rebound upward. The upper target/pressure level should first pay attention to the top pressure range of the 4-hour sideways zone, 57000-57500.
The rebound strength will only be greater if it stands above 57500 at the 4-hour level. Pay attention to the next target/pressure level, 58615-60385. If it fails to rebound at these two pressure levels, you can enter the market with a short position! (Today, all the rises are rebounds at the 4-hour level unless it stands above 60385)
If the 4-hour closing price of Bitcoin falls below 56300 tonight, then this 4-hour rebound will fail and the market will turn bearish. First look at the bottom support of the sideways zone at 55800. If it falls below, it will go to the vicinity of 54970-53330!
Ethereum is currently sideways for 4 hours, and the market is rebounding. Pay attention to the position of 2980. As long as it does not fall below this position, the 4-hour level will continue to rebound upwards. The upper target/pressure level should first pay attention to the top pressure range of 3025 in the 4-hour sideways zone.
Only when the 4-hour level stands above 3025 will it continue to rise. The next target/pressure level range should pay attention to the two positions of 3083-3108. Only when it stands above 3108 will the rebound strength be stronger. The next target/pressure level should pay attention to 3175-3290. If it fails to rebound at these two pressure levels, you can enter the market with a short position (if it does not stand above 3290 today, all the rises are rebounds at the 4-hour level)
If the 4-hour closing line of Ethereum falls below 3025 at night, then this wave of 4-hour rebound failure will turn to short. First look at the bottom support of the sideways zone 2953. If it falls below, it will be around 2900-2844-2800!