Technical Analysis: Bitcoin (BTC)

Yesterday we mentioned that the 58,000 to 60,000 range will become the key threshold for the reversal of Bitcoin bulls. Before the breakthrough, we should focus on rebound rather than reversal.

According to the forecast, the bearish strategy in the 57,500-58,000 range has shown results. The highest point in the early morning was 58,044, and it has fallen by more than 1,500 points in the early trading, accurately hitting expectations. The daily level shows that yesterday's high did not break through the previous day's high, so 58,000 has become the recent high. #Btcoin

The weekly level still maintains a volatile downward trend, and the overall trend continues to be under pressure below the weekly 7-day moving average. It is recommended to continue to be bearish at a high level for intraday operations. Focus on the pressure of the 57,500-58,000 range above, and focus on 55,500 points below. If it falls below, pay further attention to the vicinity of 54,500 points.

Ethereum (ETH):

Yesterday's strategy was to be bearish in the 2360-2400 range, and the highest point was exactly 2400, which was an accurate prediction.

Overall, Ethereum's rebound usually returns to the 14-day moving average of the daily line and then begins to decline, showing a volatile downward trend in the short channel. Yesterday, the price once again rushed back to the top of the 14-day moving average of the daily line, and began to fall after the morning opening. In terms of intraday operations, continue to maintain a high-level bearish strategy. #ETHETFsApproved

The upper pressure focuses on the 2370-2400 range, and the lower support focuses on 2300 points first, and then around 2260 points. #美国大选如何影响加密产业？ #美国经济软着陆？ #以太坊基金会

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