$BTC Currently, Bitcoin is lingering around the short-term important pressure level of 58200-58600, and the script of "touching the pressure level-volume enlargement-pin-slight decline" keeps appearing. Can it break through?
First of all, the conclusion is that the longer it lingers, the greater the possibility of a breakthrough. The selling orders are constantly being digested, but the price decline is getting smaller and smaller, which is a precursor to a breakthrough.
---Of course, before the breakthrough, the pressure here can be adjusted back. The small meat of two waves of about 1,000 dollars in the day should be quite comfortable. In the future, no more short orders will be involved here, waiting for opportunities after breakthrough or decline. If you have already shorted, continue to hold, and you can stop profit in batches during the period.
---Observe the rebound strength of the support and trend line resonance level 56300 during the callback. Close the short position here first and then consider entering the market to do more.
---Once the rising trend line falls below, you can make a big target of 55555/54700/53666. All three have a chance of rebounding.
---After breaking through 58600 and stabilizing, we can see the pressure of 59600-60200. The important pressure level above is 61500.
Support 57250/56300/55555, resistance 58400/60000/61500
$ETH is weak without surprise, important pressure 2400, important support 2310/2275/2250.
Although the rising trend line has been broken, there is no accelerated decline at present, which is a blessing in disguise. Combined with the exchange rate, I think there will be a wave of short-term strength.
Ethereum operation is recommended to focus on spot and take long-term. The more severe the wash now, the more fierce the rise will be in the future.