At the current monthly level, the high and low positions of Bitcoin are constantly moving downward. Although it stopped falling and closed positive last month, it still failed to recover the lost ground. This month, as the Middle East war intensified and the domestic stock market rose, a large amount of funds were taken away from the cryptocurrency circle, so it is expected that the market will fall further.
At the weekly level, Bitcoin and Ethereum continue to maintain a downward trend channel. Bitcoin failed to touch the previous pressure of 68,000 and started a new round of decline. Ethereum's trend was even more decadent and it couldn't even touch 2,750. Before the close of this week, pay attention to Bitcoin's Fibonacci 78.6%-61,375. If it can stand firm here, the market can still stay above 60,000, and the bulls still have a chance. If it fails to stand firm, Bitcoin is likely to move towards 51,500 this time. Ethereum's Fibonacci 38.7%-2,425 line, if it stands firm, the bulls have the possibility of continuing to attack, and if it fails to stand firm, this wave is likely to move towards 1,800.
On the daily chart, Bitcoin's bullish trend only reached 66,000 before it began to pull back. Currently, support is at 60,500, and pressure is at 61,500. If it continues to go down, it will first look at 59,000-58,000. Ethereum's trend is relatively weak, and bulls only reached 2,700 before it began to pull back. Currently, support is at 2,330, and pressure is at 2,420. If it continues to go down, it will first look at 2,300-2,200.
Looking at the 4-hour chart, both Bitcoin and Ethereum stopped falling and rebounded to confirm the pressure. For subsequent operations, it is still recommended to mainly short!
Operation idea: short sell near the pressure level!
Bitcoin short at 61500-62000, target 60500-59500, stop loss above 62500;
Short Ethereum at 2390-2410, target 2320-2280, stop loss above 2440;
The strategies are time-sensitive and are based on private, real-time guidance!
Professional team gold medal analyst Ruoyu, focusing on contract trading guidance, follow the WeChat public account Biquan Ruoyu to learn about real-time market analysis and operation ideas! #加密市场急跌 #大A香还是大饼香 #伊朗导弹袭击以色列 #9月小非农数据高于预期 #美SEC对Ripple案裁决提出上诉
