Happy weekend! Bitcoin has once again rebounded in the short term, reaching a high of 91850, which is just at the previous two drop points' high of 91790, where it faced resistance. There are signs of a short-term pullback. The overall trend was predicted a few days ago, and old friends should know the general trend moving forward. I prefer not to guess randomly; instead, I rely more on technical analysis and logical reasoning. Some people agree, while others do not; I welcome discussions and learning together. I also enjoy exchanging ideas with industry experts.
Ethereum has started to catch up. There are still many altcoins that have not surged yet and still have opportunities for a rebound, so it's worth taking advantage of that. The ETH/BTC exchange rate has slightly risen by 2.15%, allowing the altcoin market to breathe, with Ethereum's rebound reaching 3200.
Bitcoin
The daily chart has rebounded again but remains within the BOLL band. If it cannot break through in the later stages, the probability of a pullback will increase. The rebound to 91850 faced resistance, with multiple candlesticks closing in the 4-hour chart showing upward spikes. As of the time of writing, the price is around 90780, indicating a short-term need for a pullback, but the overall trend is still bullish and will likely maintain high-level fluctuations.
In the 1-hour chart, it has rebounded again to near the previous high and is now pulling back. Pay attention to the pullback demand, with support looking at 89500.
Support: Resistance:
Ethereum
Ethereum's rebound has reached 3219. The ETH/BTC exchange rate has once again fallen below the previous low and is showing signs of recovery as of the time of writing, but it has not yet stabilized, so we need to wait for a daily confirmation signal. Keep an eye on L2 and many other opportunities that have not yet surged.
In the 4-hour chart, Ethereum has broken through the downtrend line and rebounded, with resistance levels to watch at 3320 and 3442.
Support: Resistance:
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This article is time-sensitive and for reference only; it will be updated in real-time.
Focusing on candlestick technical research, we aim to win global investment opportunities. Public account: Trading Prince Fusu
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