24/06/20BTC support is still valid, the descending wedge is expected to rebound, pay attention to whether the key position can be recovered!
The thinking has not changed much in the past few days. Yesterday, the highest rebound was 65727, which just touched MA120 and was beaten down. At present, there is still support around 65000. In the short term, we still look at the rebound. Pay attention to the two key pressures. If we can't recover after the rebound, we will still be short...
Ethereum's market looks better than Bitcoin. MA60 and MA120 rebounded twice. The short-term rebound pressure is 3645. It is expected that the Ethereum spot ETF will be launched before July 4. The Ethereum spot ETF issuer must complete the modification and submission of the S-1 form before this Friday. Bitcoin ETF has been outflowing for 4 consecutive days.
Flatbread
Although Bitcoin shows a descending wedge and MACD bottom divergence in the 4-hour chart, it still needs to effectively break through the key pressure points of 66,000 and 68,400 to be considered an effective rebound. If it fails to break through these two levels, it is possible that it will continue to fall to 59,866-62,500.
The price line fell below the three moving averages and the overall trend was bearish. The big and small eyes of the moving averages have appeared. The 4-hour RSI and MACD have a rebound demand. The price line fell to the Fibonacci retracement line of 0.5 and had some support. If the rebound cannot break through 68,400, there is a chance that it will continue to fall to 62,500.
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ether
The daily line has formed a large-scale triangle structure. If the rebound fails to break through 3721, it is possible that it will fall to the bottom of the 3100-3200 big positive line. The daily line has inserted two pins and is still at the lower edge of the 4-hour falling channel. Pay attention to the breakthrough of this channel. If it breaks upward, it will look at the pressure of 3721. If it cannot stand back to the previous high-level oscillation platform, it will continue to look at a lower 3100-3200.
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