The Asia-Pacific Valley Index shows a stable rebound, with the A Valley and Hong Kong Valley opening low and closing high. Despite the expectation of a decline in the US Valley and Moody's downgrade of the US rating, the US Valley opened low and closed high. Tonight, it also opened low, although the upward momentum in the US Valley continues, it is still about 4-5% away from the previous high, so chasing high is not recommended. Bitcoin started its rebound earlier than the US Valley, but it is experiencing wild fluctuations below the previous high of 110,000. Ethereum continues in a downward channel.
Bitcoin
It has been in high-level fluctuations for 12 days, currently reaching a maximum of 107,114. The 4-hour extreme washout maintains high-level fluctuations, and the daily MACD has been diverging for several days, but the price has not dropped significantly, and technical indicators are dulling.
In terms of the upward slope, it has slowed down and has not broken through the pressure below 110,000. The rebound is under pressure near 0.886. Currently, it is still dominated by bulls. The prediction is for two possible trends: one is a quick downward spike followed by a continued rebound to break through the previous high and reach 120,000. Previously shared in CME, the range is 95,800—97,700. If it pulls back deeper, it would be 91,600—93,300 for gradual buying.
The second possibility is to continue fluctuating and grind up to the shark pattern at 1.13, which is around 113,000, before dropping again.
Support: 93,300—97,800—100,000
Resistance: 110,000—113,000
Ethereum
On the 15th, it was anticipated to break the upward channel and pull back for layout. Currently, it is moving out of a downward channel and will maintain channel operations. If the bottom of the channel does not break, it will rebound, with buying positions at 2,300—2,200—2,100 for gradual accumulation.
After reaching a daily high of 2,738, it has pulled back and fluctuated. After breaking the upward channel, it has also formed a double bearish candle with a bullish candle in between. Today, it is highly likely to close with an inverted hammer.
Support: 2,100—2,200—2,300
Resistance: 2,650—2,738—2,856
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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: BTC Trading Prince Fusu
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