Bitcoin has fallen back to the chart door, with a minimum spike at 82062. The daily line is testing the MA200 long-term moving average support; we will see if the support is effective for a short-term rebound. If it breaks down, we can only look at whether 78200 can make a second test, and then see if it rebounds to 89200—90000 before continuing to decline.
Ethereum itself has always been very weak, with a minimum spike today at 2002.82. The U.S. stock market has long warned of a potential "black swan," and the evening opening continued to drop by more than one point, with the upward trend line also broken.
Bitcoin
Last night, the chart door also mentioned that for a rebound, we need to see if it can close above 91300 to continue looking bullish, but the market is not very strong. As of the time of writing, it has dropped to 82062 and is rebounding upwards.
The weekly chart for Bitcoin still follows the previous view, looking towards the weekly BOLL lower band, which is 6.9—7.4—7.8W support. The daily line has tested the MA200 multiple times without breaking it; let's look for a short-term rebound! The daily line is also within a descending channel.
Support: Pressure:
Ethereum
The market itself is also performing quite weakly, with a rebound to 2550 followed by a drop, which is equivalent to a rebound testing the pressure for a pullback. As of the time of writing, it has dropped to a minimum of 2002.81. There is some short-term support, but it hasn't followed the U.S. stock market, and the rebound is still weak. It is safer to wait for a clear stop-loss before entering.
The weekly BOLL for Bitcoin has just broken down, but Ethereum has already reached the weekly BOLL lower band, and the monthly BOLL middle band has also been broken. If Bitcoin cannot stop its decline, Ethereum could have several hundred points of space down to the BOLL lower band.
Support: Pressure:
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The article is time-sensitive and for reference only; it is updated in real-time.
Focusing on K-line technical research, sharing global investment opportunities. Public account: Trading Prince Fusu
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