Technical analysis: BTC
It has been in a high-level oscillation state for 4 days. After rising and falling during the Asian session yesterday, it failed to break through 64,000 points again. #BTC金LTC银
The daily chart closed with a long upper shadow line and continued to fall in the morning. The K-line arrangement showed a downward trend.
On the four-hour chart, the price fell below the 30-day moving average for the first time. The bottom of the box oscillation at 62,350 points below will become the key turning point for the short-selling reversal of this market.
In terms of operation, rebound shorting should be the main focus. The upper pressure level of 63,300-63,800 should be focused on, and the lower support should focus on 62,350. If it falls below this point, the short-term target can be seen around 60,500.
ETH: Yesterday's performance was relatively strong. The daily line rose to 2,700 points and then began to retreat. The maximum retracement was about 100 points. The daily line closed positive, and the increase reached 2.5%, which was in line with the market expectation of ETH's rebound. #ETHETFsApproved
From the daily line, the K line still shows a bullish oscillation upward pattern, but the daily deviation rate is high, and the K line needs to be adjusted.
Combined with the weakening of BTC, this wave of adjustment may not be able to continue to rise. The four-hour chart shows that ETH has risen and fallen, with three consecutive negatives. It has stopped falling at the 14-day moving average position. The 2540 point below will become the key point for the market to reverse to a short position.
It is recommended to short on the rebound in intraday operations. The upper pressure focuses on the 2640-2670 range, and the lower support focuses on the 2570-2540 range. #AI概念币普涨 #新币挖矿已上线HMSTR #本周美国将公布PCE、GDP数据
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