Bitcoin at night did not significantly drive the bulls up at the US stock market opening, peaking at 98,300 before facing resistance. The price of the coin also weakened along with the lack of upward momentum, and affected by news, the price plummeted, continuing to decline and currently the lowest point has retraced to around 94,200. In the short term, after the price retraced and halted, the K-line has shown a series of positive candles, basically recovering most of last night's losses, but the strength is still lacking. The pressure has returned to the 98,000 line from yesterday. Yesterday, Bitcoin attempted to rebound at this position but failed, and then the price dropped. However, the midnight pullback has not reached the expected depth. Previous brief rebounds have not formed effective bottom support, indicating that there is still some downward pressure in the market. It is expected that the market will continue to show downward movements and may approach the previous support level again. At this stage, the market may fluctuate around this support level within a certain range.
Ethereum's performance is even weaker, with the opening not driving the market much higher, and the retracement is significantly stronger than Bitcoin, currently the lowest point has retraced to around 3,512. The accompanying indicators continue to maintain a downward trend, and there is still a demand for downward movement in the market. In the short term, the key support remains at the 3,500 line, while the pressure level has moved down to the opening drop point of 3,750 early yesterday morning. Overall, the market still presents a weak shape, whether it is a vacuum or a false short, just intervene decisively if the rebound does not break, but remember to do a good job of risk control.
BTC trading suggestions
98,300-98,700 short 99,200 add position stop loss 500 points target 94,500
Ethereum trading suggestions
3,710 short 3,750 add position stop loss 40 points target 3,550
#币安MOVE开盘 #BTC $BTC $ETH