Bitcoin $BTC Ethereum $ETH Market Analysis

Yesterday, Bitcoin's expected 66200 has been reached, and the price correction shows that the market's bearish sentiment is still heavy. Near 66200 is a very important position because it is the support of MA120. In June and September last year, this support level was broken twice. Although the fluctuation was not large, it caused the market to adjust for a full 3 months.

If the price has not been able to break through this position in the near future, it may be consolidated in the range. However, the current market environment is better than last year, so there is no need to worry too much.

ETH was beaten down before it reached the pressure line. The wash here is more serious, and the purpose is to explode leverage players. Because ETF trading may be opened at the beginning of next month, not everyone can get on this train unless you are more determined.

Although there has been a small-level decline, the bottom is still at a support level. You can consider taking long orders near 3500 and betting on a rebound with a small position. This trend is more likely to be washed up and down, and it may be recovered in the afternoon or evening.

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