Market Review and Analysis

The trend of BTC entered a downward mode last night, which made the monthly closing situation similar to that of March, with only a slight difference in the closing point and relatively close highs.

By the time the monthly line opened early in the morning, the price had directly fallen to the 69000 position.

Yesterday it broke below the 72000 mark and continued to decline, while ETH's performance was even weaker. Starting from the high point the day before, it directly entered a correction phase yesterday without any buffer, with a drop of over 200 dollars, which further deteriorated the performance of altcoins.

For altcoins, you can continue to pay attention to the subsequent performance of FLOKI, ZRO, and YGG.

Today's Highlights

BTC's price has retreated to around 69000. It was mentioned in yesterday's morning review that once it falls below 72000, this range position can be monitored, and it has now been reached.

Currently, the support position at the daily level has been clearly explained in the video and live broadcast; you can pay attention to the key level of 66000, which is a crucial node in the current ascending channel.

The range of 70000 - 73000 is now considered a dangerous area. Intraday, the price has dropped to around 69000, and the resistance points to watch at the intraday level are in the range of 70600 - 71200. If this range is touched, a correction can be expected, while the intraday support points can be focused around 67200.

ETH's performance is weak, with a drop to the lowest point around 2460 today. From a short-term perspective, its support level at the intraday level is in the range of 2460 - 2480;

The effective support level at the daily level is in the range of 2350 - 2400.

After a closing candle appears at the four-hour level during the day, pay attention to the resistance level in the range of 2560 - 2600. A price rebound in this range will create a dangerous zone, and the market will correct again here, making it a resistance position.