Good morning everyone, we continue to pay attention to the market trend: 👇🏻
Bitcoin fell to 68,300 from this low point and then quickly rebounded to above 69,000, and then began to fluctuate in a small range, with a small range of 69,200-69,850
From the daily line structure, the bulls are relatively strong at present and are still running near the upper track. The three lines of KDJ cross upward, and the downward trend of the two lines of MACD gradually slows down. The short-term momentum is shrinking further, and the two lines are beginning to turn upward. Bitcoin at the daily level is in a narrow horizontal consolidation stage, and the overall short-term will still maintain a volatile pattern.
Pay attention to the US CPI data and the Federal Reserve's interest rate meeting this week. Perhaps the direction will be revealed after the interest rate meeting is implemented
♦️Bitcoin: Bitcoin's short-term pressure is around 70,200 and support is at 68,000;
♦️Ethereum: Ethereum's short-term pressure is around 3,760 and support is at 3,650.
