Bitcoin market analysis
market situation
Bitcoin fell into a strong support zone recently and rebounded 1,000 points at $64,300. If there were any friends who followed me yesterday, they should have made a few hundred points in profit. However, the current rebound is not strong enough to consider the rebound signal clear enough, so the market trend is still biased downward.
technical analysis
Key support levels: $64,300 and $63,200. A long order can be placed near $63,200. Key pressure level: $66,900. You can set an empty order at this location. Operation suggestions
Bitcoin’s strong support area between $64,300 and $63,200 deserves attention, and multiple orders can be set near $63,200 to capture potential rebound opportunities. At the same time, you can consider placing a short order at the pressure level of $66,900. It is expected that the market will still have downward pressure.
Ethereum market analysis
market situation
The trend of Ethereum has not changed much compared with yesterday, and the support level remains unchanged. The market still needs more positive factors to support the rebound.
technical analysis
Key support levels: $3,325 and $3,287. Key pressure level: $3630, you can try short selling suggestions
Ethereum holds support at $3,325 and $3,287. A short order can be set near $3,630. Although the current rebound at the daily level is insufficient, the market may react if more positive factors emerge.
Summarize
The current trends of both Bitcoin and Ethereum are biased downward. Bitcoin's support levels of $64,300 and $63,200 are still important. Long orders can be set near $63,200 and short orders can be set up at $66,900. Ethereum’s support levels at $3,325 and $3,287 remain unchanged, and short orders can be placed near $3,630. The market needs more positive factors to promote the rebound, and investors should pay close attention to market dynamics and operate with caution.
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