#USDT。 #btc #eth
Yesterday's market plummeted, mainly affected by the Mentougou incident and the German market crash.
The market has now reached a critical support position, and the next two days will be very critical nodes. Non-agricultural data will be released at 8:30 tonight, and the market trend will continue to attract attention.
For Bitcoin, 58,300 is the neckline, and it is also the key point to determine the bull and bear positions of digital currencies.
Once the market falls below the neckline and fails to recover within 3 days, the market will likely turn from a bull market to a bear market. Yesterday, Bitcoin fell below 58,300 directly in the middle of the Yin line, causing panic in the market.
Therefore, the trend of the next two days is very critical. As long as 58,300 is not recovered, it can be determined that the market is likely to enter a bear market.
The good news is that funds were willing to enter the market to do more near 56500 last night, forming a sign of competing with the short side; the bad news is that the funds are not strong enough, and the market continues to bungee downward.
For today's strategy, short orders are currently the main focus. Observe the market's joint efforts. If 58300 cannot be recovered within 2 days, it can be judged that the market is likely to enter a bear market.
The first support level is 55000, and the second support level is 50800; the first pressure level is 60626, and the second pressure level is 63000.
For Ethereum, the 2880 neckline support level is currently in hand. If it wants to rise, it is a better choice for ETH to carry the flag. However, the current attitude of the air force is arrogant, and ETH will be difficult to support without joint efforts.
In addition, the price of U has risen to around 7.45, and the market is frantically entering U, and the forced long market has not stopped.
For today's strategy, short selling is the main focus.
Observe whether the Ethereum neckline 2880 can attract large funds to enter the market to carry the flag. If it effectively falls below, it may accelerate the decline. The first support level is 2880, and the second support level is 2623; the first pressure level is 3200, and the second pressure level is 3350.