Hello everyone, I am your old friend Tan Sen. I will review today's trading. After testing the 98000 level again, the price failed to break through strongly. From a short-term perspective, it is currently in a retracement stage. Although the daily level has fallen below the support of the EMA5 daily average, the overall bullish trend has not ended. The key support below is near 94800. As expected, the afternoon market did not continue to fall below the 94700 first-line support, and the market fell into a volatile range again. The overall trend is still treated as a volatile idea. At the node where the US stock market has not opened, the short-term will not be too strong and unilateral.
From the daily level, the overall trend of Bitcoin is again biased towards consolidation. At present, there is pressure from above and support from below. The pressure level is 97500-98000, and the support level is 95000-94500. If the downward trend continues again, it may reach the previous wave of retracement position of 91500-91000. If the support is effective, then the current market is just a process of consolidation and accumulation, and it will inevitably hit the 100,000 mark again in the future. Ethereum has been relatively strong recently, and it has begun to retreat after encountering resistance at 3750-3800. It is also necessary to pay attention to the support level below 3580-3550. The previous wave only reached 3550 and began to rise further.
From the 4-hour line level, if Bitcoin moves upward again after a normal retracement, it is currently testing the 95,000 support level. The support level continues to move upward, and the current short-term pressure level is 96,500 - 97,500. Ethereum also needs to pay attention to the support level of 3580 - 3550, and the short-term pressure level can refer to 3650 - 3700.
After testing 98000 again in the morning today, the price failed to break through strongly. From the short-term level, it is currently in the stage of stepping back. Although the daily level has fallen below the support of EMA5 daily moving average, the overall bullish trend has not ended, and the key support below is around 94800.
Referring to the previous market, after a short-term retracement, it went up again, and it is expected that it will continue to break through in the future. In terms of operation, you can ambush near the support level, mainly low and long.
Big pie 95000-95500 more, looking at 96500-97000
The second cake is 3560-3580, and it is expected to rise to 3670-3690.
The article only makes a judgment on the market at the moment of publication and does not constitute investment advice. Please control your own risks.
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