Market review of yesterday's performance
Bitcoin (Big Cake):
A clear selling pressure formed near 62,000 points, and 61,700 points began to play a role. The highest point of the rebound was 61,300 points, and the bearish trend began at 61,100 points, with a target of 59,500 points. It broke through 59,000 in the early morning, exceeding the target, with a maximum decline of more than 2,300 points.
Ethereum (Ethereum):
The rebound in the morning was large, and it regained yesterday's losses. The highest point was 2411, and the target was 2350. It fell to 2330 in the early morning, exceeding the target.
Technical analysis of Bitcoin (Big Cake)
Current trend:
The decline widened in the early morning, with a maximum decline of more than 2,300 points. It is expected that the rebound or reversal time node will be at the end of the month, and the current market is still grinding the bottom. The weekly line has two consecutive negative lines, and it is possible to go out of four consecutive negative lines. The overall trend is still in a bearish trend. #BTC金LTC银
Daily level:
The decline is large, the deviation rate is high, and adjustments are needed to repair the technical aspects. The 4-hour line fluctuates downward, and the K-line fluctuates against the 7-day moving average.
Operation suggestions:
High-level bearish: Pay attention to the 60800-61300 pressure level above, and the 58500-59000 support level below.
Ethereum (two cakes)
Current trend:
Although the rebound in the morning was strong, the overall high point gradually decreased, and the center of gravity of the K-line moved down. The short-term target of 2300 is likely to be achieved. #EthereumEFT
Daily level:
There is selling pressure at the 2420 position above, which needs to be treated with caution.
Operation suggestions:
High-altitude thinking: Pay attention to the 2410-2440 pressure level above, continue to pay attention to 2350 below, and then look at the 2300 position.
The current market is in a bearish trend as a whole, and there may be a rebound in the short term, but it needs to be operated with caution. Keep the high-level bearish thinking, pay attention to the key pressure and support levels, so as to adjust the strategy in time.
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