The Asian market is rising, European stocks are up, and the US stock market has also rebounded in the evening. Bitcoin is still in a narrow range of fluctuations in the short term. The key resistance level has not been broken, and we are patiently waiting without leaving the ICO. As of the time of writing, there has been a breakthrough at the 84558 resistance; let's see if the rebound can continue tonight.
After the false break on the second test, a rebound has formed a shark pattern and a descending wedge. The first target is 87500, and the second target is 97000.
Gold has reached a new historical high of 3004.72, witnessing history once again.
Bitcoin
In the short term, it continues to fluctuate between 80000 and 84500. As of the time of writing, the US stock market's Nasdaq has rebounded by 2.09%, the S&P 500 by 1.24%, and the Dow Jones by 1.64%. Bitcoin is also rebounding and is likely to rise tonight, potentially standing above the MA200.
On the 4-hour chart, I reminded on the 12th that the daily chart's second test has recovered the potential shark pattern and the descending wedge. The first target is 87500, and the second target is 97000. The rebound strategy remains unchanged.
Support: Resistance:
Ethereum
In the short term, it is still experiencing pin bar fluctuations after the breakdown. The strategy is still to see if Ethereum can catch up with Bitcoin's rebound and recover above 2100.
On the 4-hour daily chart, there is a continuous divergence, and many altcoins have shown good buying opportunities. Let's take advantage of this rebound trend. Altcoins to watch include S, Cake, MKR, ID, TIA…
Support: Resistance:
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The article is time-sensitive and for reference only, updated in real-time.
Focusing on K-line technical research, sharing global investment opportunities. Public account: Trading Prince Fusu
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