【2024.7.12 BTC/ETH intraday market analysis】
On the 10th, I wrote a post asking my brothers to keep their electric bikes. Although the rebound was very strong at that time, if they couldn't get up, they could still keep their electric bikes and continue to deliver food. I'm a bad mouth... Everyone's electric bikes are still there, come with me in the afternoon, put on a small vest, go 120 km/h, and stay upstairs for 2 hours for a takeaway order, you know!
The big cake ether rushed to the weekly pressure level last night and began to pull back. At present, the big cake 4-hour has fallen below the position of 58050 given in the early morning, indicating that the rebound has ended and the market has turned bearish. Ethereum also fell below the 4-hour long and short price of 3105, indicating that the market is also starting to turn bearish.
This wave of big cake ether 4-hour level rebound has never stood above the daily line. The next decline depends on the previous low of the 2 pins on July 8-7.5. If it breaks, it will go lower. If it can't break, it will continue to fluctuate widely in the daily sideways zone!
Today's market analysis:
$BTC has fallen below the 4-hour long and short price last night and has turned bearish. If it continues to fall today, pay attention to the support level below 56265-55700-54950!
If it rebounds today, pay attention to the position of 57600 above. Only when it stands above this position at the 4-hour level, the upward rebound will be strong. Pay attention to the upper target/pressure level of 58750-59300-59770! #BTC走势分析
$ETH has fallen below the 4-hour long and short price in the early morning and turned bearish. If it continues to fall today, pay attention to the support level below 3045-3008-2966!
If it rebounds today, pay attention to the position of 3105 above. Only when it stands above this position at the 4-hour level, the upward rebound will be strong. Pay attention to the upper target/pressure level of 3145-3185-3220! #ETH走势分析
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