Bitcoin has fluctuated at high levels for a day and is still adjusting sideways. However, it is very close to the lower edge of the wedge structure. We need to consider the possibility of rising higher again. There is currently no top structure. Even if it falls below, it still needs to rebound to build a top structure. , so it is difficult to fall sharply before the top structure appears, so we should be cautious in the short and medium term. Currently, 20400 is still the second low, and we will continue to be long until it falls below.

Resistance level【23200, 23900, 25200】

Support level [21870, 20400, 19600]

Ethereum was the first to fall below the wedge structure, but there was no strong fall, and it did not fall below the previous low. Therefore, it was still a high level of shock, and the possibility of rising higher still needs to be considered in the future. Although there is a certain degree of shipment, the trend is not Strong, but the market will still be severely shaken in the short term, so be cautious in operations. If you want to go higher, you should pay attention to the previous high of 1680. In addition, the current low is still 1500, so stay long until it falls below.

Resistance level【1680, 1780, 1917】

Support level [1585, 1500, 1433]

The market is changing rapidly. If you make a profit, move the stop loss to the opening price in time. The point can only be used once. Do not open the same point again after being stopped. Do not place orders at high times. You must bring a stop loss. Stop the loss twice and close the position gradually. Open a position and gradually reduce it. If others are greedy, I will be fearful. If others are fearful, I will be greedy. It is not recommended for novices to do futures contracts.

January 24, 2023

The above analysis is for reference only and does not constitute investment advice.

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