There is a taste of the bottom ⚠️❗️❗️
Every Monday there will be a big market, and tonight may be the key factor to break this oscillation range. This wave is led by ETH. The bottom was not broken in the morning, and it successfully got support at 2400. BTC was also forcibly pulled back to the key pressure position of 58,500 US dollars. If this oscillation range is broken, the price will continue to rise to around 60,800, and ETH will come to around 2630. However, at present, the volume and price are still not enough to support BTC to continue to rise. There is a suspicion of inducing more, and 58,500 cannot be broken.
BTC was bound to break 57,000 in this wave, but was forcibly pulled back by Ethereum and stuck near 57,100 and could not go down. However, the bullish pattern needs further confirmation. The current price has been around 58,500. Before a large amount of volume is released, it is all a behavior of inducing more. If this wave is to determine the rising pattern, it needs to break through 59,300 first, and then step back and not break through 58,200 to determine the rising pattern to 60,000, otherwise it will still go up and down.
Now 58,500 has a certain pressure. If it can't even break through here, but keeps sideways near it, then the dealer's mind is very clear, that is, to induce more, and the trend of ETH is even simpler. Although this wave has a signal of bottoming out and rebounding, it has not yet broken through the pressure position of 2560-2580. If there is no breakthrough here, the price will continue to go down. At present, we can't be too optimistic, otherwise it is easy to be trapped.
So combined with the current trend, this wave is expected to rebound. This wave is a four-hour rebound. Let's see where it can go. If Bitcoin can reach above 60,500 and ETH can stand above 2,630, then we can determine that this wave is a bullish trend. Only in this way can we change the trend of the daily big bears. Now let's look at the rebound first. It is still an opportunity to short when it reaches the upper side. There are a lot of news this week, and the dealer will definitely take the opportunity to make things happen. So now whether you are long or short, you must bring a stop loss. The principal is the biggest capital.
