BTC Analysis
Bitcoin (BTC) yesterday's trend review:
Yesterday, Bitcoin slowly moved upwards, and broke through the previous high to around 67670 in the evening, but then fell back due to resistance, and the lowest price fell to around 65880. Currently, BTC is trading around 66300. On the four-hour chart, a short-term top divergence structure was formed, and a decline occurred. There was support from the MA30 moving average below, and the bears failed to continue. MACD is still in a bearish trend, and the double-line dead cross shows that there is limited space below.
At present, Bitcoin's short-term trend is weak, and we need to pay attention to the rebound strength. The daily level shows that the bulls are gradually shrinking. Although the bulls are weakening, the overall trend is still upward. The market is in the adjustment stage, and it is recommended to mainly buy at low prices.
Upper resistance: 66800-67300
Support level below：66000-65500
Pay attention to the opportunity of pullback, 65000-63000 area is a good entry point.
ETH Analysis
Ethereum (ETH) yesterday's trend review:
Yesterday, Ethereum failed to reach a high twice during the day, and the highest point reached 3136, and then the market fell all the way, and the lowest point fell to 3047 and rebounded. Currently, ETH is running around 3084. On the four-hour chart, supported by the MA30 moving average, the K-line rebounded. MACD shows that the short position is running without volume, and there is a large amount of funds protecting the market near 3050. It is expected that the possibility of breaking in the short term is not high.
In the short term, pay attention to the 3100 pressure level. After it stabilizes, it is expected to hit the previous high again. From the daily line, although the K-line is negative and the market is weak, it does not mean a trend reversal. The callback may pave the way for a rebound in the future. Therefore, do not be afraid of callbacks and regard them as opportunities.
Upper resistance: 3100-3150
Support level below：3050-3030
Buy small when the market drops slightly, do a good job of risk prevention and control, and avoid extreme market conditions.
Summarize
BTC: Currently around 66300, pay attention to the retracement opportunity between 65000-63000. The upper resistance is 66800-67300, and the lower support is 66000-65500.
ETH: Currently around 3084, pay attention to the support level of 3050-3030 and the resistance level of 3100-3150. The pullback is an opportunity for layout, and do a good job of risk prevention and control.
The overall market is in the adjustment stage, but the long-term bullish trend remains unchanged. Make reasonable layout, operate cautiously, and seize the opportunity of callback.
Let us pay attention to market trends and seize every potential investment opportunity!
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