Pionex opened low and then rose high. Yesterday's drop scared many people, but it was just a normal rebound to fill the gap after the previous M-top pressure.

Bitcoin was influenced by Pionex, spiking to 85,800 and rebounding. The 4-hour chart shows a descending channel, and we will continue to monitor the breakout situation.

Ethereum has not changed much, but several altcoins like MKR, SUI, and TON have rebounded significantly and can be continuously monitored…

Bitcoin

On the daily chart, the issues mentioned yesterday regarding the descending trend line and Fibonacci 0.382 resistance still apply. The recent rebound over the past half month has been operating within an ascending channel. If it stays above the MA200, we will continue to observe the strength of the rebound; a drop below would pose significant risks.

Support: 77,600—80,000—83,000

Resistance: 91,500—95,000—97,000

Regarding altcoins: DOGE: It has retraced to Fibonacci 0.786, breaking the secondary descending trend line.

SHIB: It has dropped back to the previous range, but the prior bottom has not been broken. The first resistance is at 156, and the second resistance is at 194.

MKR: The weekly chart shows a shark pattern, with rebound resistance at 1,794—2,110.

TON: A reminder was given on the 15th; the daily chart shows a breakout of the descending trend line, recovering the previous spike bottom.

SUI: The weekly chart shows a retracement to the previous high, and we will continue to observe the rebound at the 0.618 level of this segment's decline.

If you like my views, please like, comment, and share. Let's navigate through the bull and bear markets together!!!

This 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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