Technical analysis: Bitcoin (BTC)

Current trend: Bitcoin accelerated its decline in the morning, falling by more than 2,000 points, and then quickly rebounded by 1,000 points. #BTC翻倍之路

This rebound is a normal phenomenon in the current trend, and the overall bearish thinking remains unchanged. From the daily chart, the rebound on Monday and the further rise on Tuesday are regarded as inducement to increase. A large real negative line was formed yesterday, and the decline continued today, with a short-term decline of more than 2,000 points in the morning.

The long-term support of 58,000 points was broken, and the short-term target may point to 51,500 points. It is recommended to maintain a bearish view for intraday operations, with the upper pressure level focusing on 57,000-57,500 points and the lower support level focusing on 55,000 points.

Ethereum (ETH):

Current trend: After the 2,500-point support mentioned yesterday was broken, the price quickly fell to 2,400 points, and further downward movement has already appeared. The previously emphasized weekly 90-day moving average support of 2300 points is still valid, and the price rebounded near 2300 points in the morning.

The daily level shows that it is currently in the second wave of decline starting from 2800 points. It is recommended to continue to maintain a high level of bearishness for intraday operations, pay attention to the upper pressure level of 2380-2440 points, and continue to look at the lower support level near 2300 points. #ETHETFsApproved

Altcoin:

Current trend: Today, the overall performance of altcoins is relatively resistant to declines. Although there were pins in the morning, most varieties closed positive in the end, with a small decline. At present, it is recommended to wait and see for altcoin spot positions, and appropriately consider short-selling strategies. #加密市场急跌 #非农就业数据即将公布 #BTC走势分析

If you want to know specific opportunities and specific decisions, welcome everyone to follow Changkong, click on the avatar to view the text, and teach you how to make money in a bull market and earn coins in a bear market.