Market analysis
After rebounding, the price of Bitcoin fell slightly. The previous range of fluctuations has been broken, and the high position has moved up to around 64745. The trend fluctuated in the morning, and it is expected that the US market will show a direction in the evening. The current price is running at 63000. If it falls below the short-term support of 62300 again, it is expected that the market will retreat. Feilong recommends that all coin friends be prepared.
The 4-hour price correction has been hovering at the middle track support, but it has not broken down again. If the rebound cannot continue, once the bulls are exhausted, the price of the currency is at risk of another correction. Although the price has rebounded, the 65000 suppression area has not been effectively broken. The bulls are gradually weakening, and the five-day and ten-day moving averages are beginning to flatten. Therefore, it is expected that the weak shock pattern will continue, and the price will still have the risk of retreating to the lower support during the day. Unless it breaks through 65000 in one go.
Focus:
The pressure of Bitcoin is 65000, and the support is 62300.
The pressure of Ethereum is 2730, and the support is 2530.
