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Hello everyone, I am Raccoon. From a daily perspective, the price of Bitcoin formed a top divergence after breaking through the 11w level, and then began to come under pressure to decline to the lowest level of 102600 line. Then the price began to consolidate horizontally, fluctuate and correct, with a small range fluctuation base; From the 4-hour observation, the price of the pancake has entered a contraction consolidation between 104500-106000. In the past, this range belonged to a wide consolidation, and the current fluctuation base is relatively small. The presentation on the candlestick chart is a narrow consolidation; From the 1-hour chart of the Big Dipper, it can be seen that after the Big Dipper fell under pressure, it was difficult to break through the bottom support, and then began to rebound and rise continuously. After a brief oscillation and slight correction, it has formed an upward trend, and Bitcoin is currently at the top of the breakthrough range. In the rebound upward trend, the target should first look around 10.68w-10.7w, and if it breaks, then look around 10.85w. It is not recommended to chase after those who have not entered the market. If the pressure level is too high, the target should first look around 10.45w-1040w, and if it breaks, then look around 1035-1025.
Similarly, the current rebound target pressure level for Ethereum is around 2630-2650. If the entity breaks through the resistance above and reaches around 2680-2700, the rebound will not break through the second target level, and then it will rebound. When stepping back on the target, first look around 2530-2500, and then look at 2480-2450 after breaking through the resistance level
Short term intraday trading advice:
Bitcoin above 107000-107300 is short, target around 105800-105000!
Connect 2650-2680 above the Ethernet, near the target location 2550-2530!
QQ group number: 810794095
Meeting number: 734-628-1523
Weibo account: Raccoon FinaNce
Disclaimer: The above content only represents the author's personal opinion 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. Based on this investment, there may be external contacts, which have nothing to do with AiCoin, and the consequences shall be borne by oneself.
