Bitcoin is very interesting. It took several months to pull

See original

Bitcoin is very interesting. It took several months to pull up to 70,000 US dollars, but it only took one day to return to its original shape. Although it has been stretched for two days, it has only risen by 7,000 to 8,000 points so far, and it is still a long way from the high point. At present, Bitcoin is at a hurdle of 50,000 US dollars. Ethereum is even weaker. It has fallen below the original support level. If it falls further from the next support level of 2,000 US dollars, it will be out of the question. The consequences are more serious. 
. You can arrange your positions below 50,000 US dollars for Bitcoin, and a large number of positions are arranged below 2,000 US dollars for Ethereum.

LIVE

三马哥

Can the weekly closing price of Bitcoin this week remain above $52,500? If it can maintain this point or above, it is a weekly bottom divergence from a purely technical point of view, which means that there is at least an increase at the weekly chart level.
But what is more entangled is that there is no bottom divergence between the 1-day line and the 2-day line, which means that the daily and weekly lines have not seen resonance for the time being. If resonance is formed, then there is a high probability that 49,000 is the stage bottom. At present, a short-term pressure level of Bitcoin is around $62,000, which is a relatively large gap. The key point is the weekly closing price this week!
There is also a short-term pressure level of ETH at $2,800 to $3,000, but in the long run, it is only a matter of time for ETH to break through the new high of $4,500.

This article is sponsored by Binance Square with a 200USDC bonus! Activity topic rules👇:
Quote this article I am publishing now and express your thoughts on the current market and trend of the currency circle. Is Bitcoin $49,000 the lowest point this year? Is the bull market over? Be sure to cite this article and post a comment and quote with your logic and opinions!