Akan's market analysis today
Bitcoin is currently in the normal fluctuation range of $65,500 to $68,000, and is close to the lower limit of the range. If there is no new market shock, it is expected to rebound soon. It is important to distinguish between pin-point bottoming and substantial decline; at present, it seems that the substantial decline is limited.
Analysis of Bitcoin and Ethereum shows that the market is still fluctuating in the sideways zone. Pay attention to the pressure area of $67,400 to $67,750 above. Once the price stabilizes above $67,500, it is recommended to adopt a short-selling strategy. At present, this point is regarded as a key turning point in the downward trend. In the context of no obvious positive news, the main strategy of the oscillating market is still short-selling, and the position is closed after each target profit of 700 to 1,000 points, and then wait for the next opportunity for the market to pull up.
For Ethereum, if the price falls below $3,060, the key support level below should pay attention to $3,017 to $2,990. If there is a rebound in the early morning, first pay attention to the pressure level of $3,105. If it breaks through and stabilizes above this level, the small-scale downward trend may come to an end, and the next focus will be on the upper pressure zone of $3145 to $3180.
