What happens to#Bitcoinand #Ethereum? Long/Short? Here is the detailed point analysis for you🎯 like a book

Friends, Bitcoin started the downtrend at $71,516. We had a support price there and since it was broken, naturally the declines continued.

We now have an intermediate resistance price nearby at $68.198. If Bitcoin manages to get above this point, it may experience an increase in demand and bring an increase to around 70-71 thousand dollars. It can only happen if the intermediate resistance is broken.

If the intermediate resistance level is not broken in Bitcoin, further declines may naturally follow. Or it will linger around $65K-$68K. Let's say the first intermediate resistance is broken and the market rises a little.

Is it enough? No Insufficient

Because, as I said above, Bitcoin is also following a downward trend. So it's not good

Bitcoin breaks the downtrend at the point I determined as the next intermediate resistance. So a candle close above the dollar is needed at $71.516. I think at least a 2-hour candle close is sufficient for a healthy close.

All details about Bitcoin support and resistance are written on the chart. Good luck.

Now let's look at Ethereum.

What happens to ETH?

Likewise, ETH's falling trend continues, just like BTC. The situation is not good for now

The first intermediate resistance is $3717. If this is exceeded a little, there may be an increase in demand. It is possible to see an increase up to $3800 or even up to $3917, which is our next intermediate resistance price.

But this is not enough

In order for the declines to end, ETH must first save itself from the falling trend. ETH is breaking the downtrend at the intermediate resistance level at $3917.

ETH Key resistance $4076

Where to open Long on#Bitcoinor #ETH?

Long: If the first intermediate resistance level I have determined is exceeded or if we see an hourly candle closing above it, I can open a Long. In this way Long may be appropriate.

Short: Since#BTCand#ETHare currently very close to the intermediate resistance level, a breakout may occur at any time.