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Hello everyone! I am Brother Liang. It's been a long time since I last saw Bitcoin fall from 70000 to 49000 and haven't used text to update the market trend. But from now on, I have to update every Monday to Friday because I'm going to start live streaming. Don't be lazy, I have to write texts every day. Without further ado, let's get to the point. From a technical perspective, the high-level trend of Bitcoin continues to revolve around the weekly level of head, shoulder, and bottom patterns. Before the head up wave is completed, it may form a midline and other forms. The first possibility is that a high-level parallel downward channel or a triangular oscillation or upward triangle can be formed by combining any point between 64200 and 64999 before the high point of 65000. The second possibility is that in the case of breaking through 65000 and stabilizing, this round of upward movement may be the wave of head, shoulder, bottom, and head rise. At present, the probability of breaking 65000 is not high. Let's wait for a second rally to see the strength.
As for Ethereum, on a large scale, the strong support gap for the trends of 881, 1073, and 1500 over the past two years has risen to around 1988 over time. The current low point of 2111 is unlikely to be the bottom point in this round of settlement. This round of rally was purely driven by interest rate cuts to stimulate bullish sentiment, and there was no downward injection before the knockoff rally, so there could always be a day when the market plummeted to the bottom. Ethereum is still in a weak position in this round of rebound. In terms of form, the combination of 2820 and 2630-2680 forms a trend pressure low point, which supports the formation of a downward triangle on the day when a new bottom is hit. The direction can be determined by waiting for the end of the oscillation. In the short term, we need to implement our short-term strategy effectively.
BTC operation strategy: 64500 short, defend 65288, target 63888
ETH operation strategy; 2666 Short Selling Defense 2711 Target 2588
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Disclaimer: The above content only represents the author's personal views and is for communication and sharing purposes only. It does not represent the position or viewpoint of AICoin and does not constitute any investment advice or external contacts based on this. It is not related to AICoin and the consequences are borne by AICoin.
