Technical Analysis: Bitcoin (The Big Pie)

The recent pressure on the 58,500 mark above has been very obvious. The market has tried to break through this position many times but failed, and there are obvious signs of a pullback. #BTC翻倍之路

In the short term, Bitcoin is likely to continue to surge higher, but it may only break through temporarily and then pull back again.

The selling pressure in the 58500-59500 range is relatively large, and the market needs to gradually release the selling pressure through multiple small increases in order to prepare for the subsequent return to above 60,000. The market has responded positively to expectations of interest rate cuts this week, and confidence has increased significantly.

In terms of intraday trading strategy, you can focus on the pressure level of 58,500 above for high-altitude operations, and pay attention to the possible break to 59,000. For support below, focus on rebound opportunities near the recent low of 56,700.

Ethereum (two cakes):

Although Bitcoin continues to refresh recent highs, Ethereum's rebound is relatively weak, and the upper highs show a gradual downward trend.

On the daily chart, Ethereum is still in a volatile downward channel, and the K-line failed to break through this channel and is currently subject to the 14-day moving average. #ETH🔥🔥🔥🔥

In the short term, 2400 points is the key pressure level, and there is considerable selling pressure in the 2400-2440 range above.

In terms of intraday trading, it is recommended to focus on the upper pressure of the 2380-2410 range for shorting, while the lower support focuses on the rebound opportunities in the 2340-2310 range. #新币挖矿HMSTR #美降息25个基点预期升温 #灰度将推出首个美国XRP信托

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