From the weekly line of BTC, the big cake has now fallen below the moving average support. This is why I said at the weekend that we should continue to be bearish after closing the negative line on Monday. I believe that everyone should have more confidence in the bears after seeing this K-line arrangement! From the daily level, the K-line is generally oscillating downward. It fell below 66,000 points today. The next target is around 64,300.
From the 4-hour level, it continues to be bearish, and the upper pressure is in the 66050-66550 range.
The spot Ethereum ETF was postponed for a few days, adding many uncertainties. Today, it rushed up and closed the real negative line, opening a short-term downward channel. In the evening, focus on the upper 3530-3550 range pressure, and pay attention to the 3380 support below.
