Evening strategy
BTC/ETH trend analysis: Yesterday, the market experienced panic selling, and Bitcoin (BTC) rebounded from the lowest intraday price of 48,888 to 54,000, and finally closed
with a decline of 7.2%. The daily chart shows that in the short term, BTC has temporarily stopped falling after falling from 70,000 to 48,888, but this does not mean that the market will usher in a reversal in the future. Focus on the performance of the 56,000-58,000 pressure zone. If the daily line cannot break through this important resistance zone, the rebound may end, and the market may continue to test the previous low, or even continue the bearish trend.
Operational suggestions: Focus on the trend of US stocks tonight. So far, European stocks have opened high and moved low, and the Nikkei 225 index futures are currently in a correction.
Judging from the current trend, the 4-hour MACD of the big cake is still a golden cross trend, but the KDJ golden cross trend is too high and there is a worry that it will fall back at any time.
The target is the previous low of 50,000-49,000, and the defense is set above 58,000.
Today, we focus on support and resistance.
BTC resistance: 59,500-60,000, support: 52,000-50,000
ETH resistance: 2,600-2,800, support: 2,100-2.000
Big cake sees 57000--58000 above and 54000--52000 below
Ether sees 2550--2600 above and 2400--2350 below
