As far as today's market is concerned, the price of Bitcoin broke down in the early trading, indicating that the short-selling force may continue for some time. However, in the face of this volatile downward trend, we must also remain cautious and avoid blindly chasing the short. In the previous analysis, I have emphasized that in order to form an effective rebound trend, we must see the low point gradually rise, and the key support level of 57,500 must be firmly maintained until the European trading session in the afternoon. At that time, you may consider participating in long operations moderately. However, judging from the current technical patterns of the daily and weekly lines, it is clear that the price does not support an immediate reversal upward. Although there are occasional small rebounds such as the rebound from 57,500 to 58,800 in the early morning, its strength is ultimately limited, and it has fallen below the low point again in the early trading today, approaching the 57,000 mark.
As for the Ethereum market, today's lowest point has pierced the 2400 mark, which coincides with my previous prediction. At the beginning of the month, we should continue to pay attention to its trend after it falls below 2400. At present, both are near the key support area and are in the stage of falling relay. Therefore, I do not recommend blindly chasing short operations for the time being. #以太坊基金会 #新币挖矿TON
