Market analysis and evaluation
BTC on the daily chart fell directly below 64,000 points, with a sharp bearish candle. Yesterday afternoon, BTC had a recovery in the 65,000-65,500 range, and ETH had a recovery in the 3,200-3,230 range. At dawn, the article predicted that there would be a small recovery today on Friday, and the market has achieved a recovery, surpassing the recovery points given at dawn. BTC reached a high of 65,500 points, and ETH reached a high of 3,220 points. However, in this recovery of BTC, ETH and other altcoins there is a very small recovery. BNB does not need to be emphasized too much, just looking at the beginning is enough. It is normal for the market to decline and recover; it cannot fall to the bottom all at once. Only when there are persistent new lows can a market recovery bring hope and make more people feel able to participate.
Today's highlight
BTC during the day reached its highest level of 65,500 points. An intraday recovery trend has appeared, so this high can be viewed during the day as a viewing point for a correction. Around 65,000-65,500 is the recovery resistance zone. During the day, there will likely be a fluctuating trend, so there is no need to look too low. During the day, pay attention to 63,000 points. If on the 4-hour chart, BTC falls below 63,000 points, then the 61,000-61,600 zone can be considered.
ETH also reached a high of 3,220 points, and an intraday recovery trend has also appeared. The early morning low was around 3,080, close to the first support level at 3,060. According to the current trend on the 4-hour chart, the space below needs to expand further. During the day, we still consider the 3,200-3,230 zone as the main resistance zone. The first level of support remains unchanged, eyeing the 3,060-3,000-2,960 levels. The most important point is the 2,960 level. If this level is broken, it could determine whether this month will fall below 2,800 points.
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