From the current trend, Bitcoin rebounded slightly higher after receiving initial support from the bottom yesterday. Then the price failed to break through the MA60 moving average at the four-hour level after being repeatedly suppressed. Then it continued to decline under the pressure of the MA7 moving average.
From the trend of Ethereum, it was also suppressed by the high point of the MA60 moving average at the four-hour level. Then the price fell and has now fallen below the support of the MA30 moving average at the four-hour level!
From the overall trend, the price rebounded slightly higher in yesterday's white plate, but it was weak and failed to break through the high point. After being strongly suppressed from above, it continued to decline. The bottom support was also continuously broken. Today's white plate price also continued to fall under pressure and failed to break through the upper pressure to stabilize. Therefore, the thinking of bulls in the short term needs to be appropriately changed, and the rebound high-altitude is the main focus during the day.
The aggressive long orders of the big cake shared in the white plate yesterday also failed to hold up, and the 500-point defense was broken. The long orders of ether at 3260 are currently near the cost price. You can pay attention to the rebound strength to leave the market.
The upper pressure of the big cake can focus on the four-hour MA7 moving average of 66200 and the upper four-hour MA60 moving average of 67000. Short orders can focus on these two pressures to find opportunities to enter the market!
The upper pressure of ether can focus on the four-hour MA30 moving average of 3285, and the upper pressure of the four-hour MA60 moving average of 3330. Short orders can focus on these two positions to enter the market!
