Technical Analysis: Bitcoin (BTC)

On the weekly level, Bitcoin rose sharply again in the early morning, reaching a climax, and quickly fell back near 58,000. #BTC翻倍之路

58,000 points is the pressure point of the weekly 7-day moving average, and it is also the bottom position of the box oscillation last month, so the selling pressure is heavy, and the morning correction is the expected trend.

The 58,000 to 60,000 range will become an important threshold for the reversal of Bitcoin bulls. Before breaking through this area, it will mainly rebound rather than reverse.

On the daily level, Bitcoin slightly fell below the 14-day moving average yesterday and closed with an upper shadow line. It opened below the 14-day moving average in the morning, and the overall oscillating downward trend was still intact. In terms of intraday operations, it is recommended to focus on high-level short orders, pay attention to the upper pressure range of 57,500-58,000, and pay attention to the lower support of 56,000 points. If it falls below, it may further drop to 55,000 points.

Ethereum (ETH)

Compared with the rebound of Bitcoin, the performance of Ethereum is relatively weak. The current point is about 2500 points, and the highest point yesterday was only around 2380. The bottom of Ethereum's upper box is around 2440.

From the daily level, Ethereum's overall oscillating downward trend remains unchanged. In terms of intraday operations, it is recommended to focus on short orders at high levels, pay attention to the upper pressure range of 2360-2400, and look at 2300 points below for support. If it falls below, pay attention to around 2240 points. #美国经济软着陆？ #以太坊基金会 #美国8月非农就业人数不及预期

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