After the price fell back to the low point of 91055, the market began to bottom out and rebound again. This wave of rebound is relatively resolute, rising all the way and continuing to recover lost ground, without too much retracement during the period, reaching the highest point of 94208. The trend of Ethereum is synchronized with that of Bitcoin, and it also rebounded from the low point, rising to the highest point of 3280. The bullish thinking in the morning came out as expected, and the long position of Bitcoin was taken by 2000 points.
Analyzing from the daily chart of Bitcoin, it has been collecting negative K for 3 consecutive days, and yesterday it bottomed out again to the low point of 91000. In terms of the daily level, the current support point below can be considered as the previous low point of 91500. From the 4-hour chart, the short-term rebound has not been able to break through the MA5/10 daily moving average, which shows that the strength of the rebound is slightly insufficient. However, the short-term has collected 2 positive K again. If it can break through and stand firm, then the short-term may continue to rebound, thus ending the short-term unilateral decline. At present, the first thing to pay attention to is the breakthrough and stabilization of the 93600 position.
Big cake: around 93600, short-term target 95500
Auntie: around 3220-3250, short-term target 3380
