BTC HALVING IS COMING!!!🔥🔥🔥

Trading Psychology

Select appropriate technical analysis and trading markets that align with your preferences, and dedicate efforts to excel in these areas. In the face of trading challenges, persistence is crucial. When you are uncertain about how to proceed, remain composed and methodically develop a strategy that suits your trading style.

BTC Market Analysis

Bitcoin experienced a notable rebound yesterday, surpassing the $64,000 mark, though it failed to maintain stability and subsequently retracted. This morning, the price plummeted sharply to approximately $59,620, before making a swift recovery, now hovering around $61,680. With the halving event less than 24 hours away, the market is expected to reach a low point and potentially surge. Stability above $64,000 in the short term would likely lead to a more stable market environment. Currently, the primary support levels are found between $60,000 and $59,000, with resistance levels set between $64,000 and $65,000.

ETH Market Analysis

Yesterday, Ethereum's price ascended to $3,093 but was met with resistance, leading to subsequent fluctuations. It is currently trading around $3,000. The four-hour chart illustrates a weakening bullish momentum, pressured by the 7-day and 14-day moving averages, suggesting a potential need for a short-term decline. Daily chart analysis indicates that the market is oscillating within a tight range, with less than 200-point movements. Should prices drop below recent lows, attention should be given to the support area around $2,650. Traders are advised to incrementally purchase and hold for potential gains, with resistance levels positioned between $3,100 and $3,200, and support between $2,950 and $2,850.

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