Yesterday, Bitcoin rebounded near 63850 after a pullback, after a midnight consolidation it touched the 65000 mark at dawn and slightly fell;
Yesterday, Ethereum retreated to 1854 before rising, strongly recovering in the early morning, ultimately touching resistance at 1927 and falling back, currently below 1900.
From a technical perspective on a smaller time frame: bullish momentum weakened, Bitcoin stagnated around 64000, with important support levels around 63500--63000;
The daily chart shows a bottoming level as this rebound slightly raised from the previous 62000 mark to around 62500; overall it is still operating within a large range.
From the external environment perspective: the US and Iran have again hinted at positive negotiations, the US dollar index is falling, and spot gold has skyrocketed past 4300;
The ADP data is favorable, and the non-farm data is an important reference. Meanwhile, the South Korean stock market has experienced a circuit breaker with technology stocks under pressure, raising concerns about the US Nasdaq.
In summary: the market trend in the cryptocurrency space for today and tomorrow is still a contest between bulls and bears. Old Yang reminds everyone not to chase high prices and be cautious of potential pullbacks.
Bitcoin recommendation: go long near 63800, add to long positions at 63300, target 65000;
Ethereum recommendation: go long near 1875, add to long positions at 1850, target 1915.
No misleading guidance, just sharing thoughts, not constituting a strategy, adhere to community agreements!
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