At present, Bitcoin has a good support of 56500. After the bottom, Bitcoin has rebounded sharply, recovering nearly 70% of the decline. This kind of strong rebound can actually be regarded as a potential basis for us to judge the change of trend structure. Then this rebound is a correction since the decline of 67200, but a structural reversal of the bottom 56500. The current resistance position focuses on the 64700 line. Before the price breaks through 64700, the idea of retreat and long can be maintained during the day. Once the price breaks through this position, this round of rebound will continue to look at the previous high point of 67200, so it is necessary to focus on the upper pressure position. Breaking or stabilizing.
From the trend point of view, the daily line forms three consecutive positives, and the overall pattern of strong rise is maintained. The four-hour price is still fluctuating in the high range. The short-term trend is strong. The price has the momentum to continue to rise during the day. The upper pressure is at the previous pressure level of 64700, and the lower is supported by the short-term support of 63000. If the price breaks through the new high, it will open up a large room for growth. If it continues to consolidate, the probability of a callback will gradually increase. Overall, it is recommended to maintain the idea of pulling back and going long.
Sunday morning operation suggestions:
Bitcoin: Short-term rebound around 63,000-63,500, can be long, the target is 64,700-66,000.
Ether: Just proceed with the same idea, lock in the point, and take good defense!
Cognition is your wealth, choice is more important than hard work, those who understand will understand! #BTC #ETH #BTC走势分析