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Hello everyone, good evening! I am Jiuye
Today Tuesday, during yesterday's live broadcast, we mentioned that Bitcoin will fill the gap of the second high point of the downward channel above 113300 in the next two days. Today's market hit 113300 as scheduled and was blocked from rebounding!
From the technical perspective of Bitcoin, the downward trend pressure in the downward channel showed a full positive reversal signal 30 minutes after filling the gap. The current support for the downward trend has decreased to around 105000, and the support for the middle track is around 108500. The 4-hour level head shoulder bottom shape has formed but does not see a breakthrough. Looking at the turning head downwards, the position of the head shoulder top opening in the middle line remains unchanged at 98000, and the bearish center line will continue to be maintained in the future
From the perspective of Ethereum technology, the 4490-4250 box has been moving for more than 10 days, and this amplitude has reached the stage of breaking through the pattern. The current pressure on Bitcoin has been replenished, and once it turns downwards, Ethereum will also follow suit and fall below the support of the 4250 box. The parallel support breaking level accelerates to the 4200 level, and breaking will instantly reach 4050!
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Disclaimer: The above content only represents the author's personal opinion and is intended to assist investors in understanding information related to the capital market. It does not constitute any investment advice and does not represent the position or viewpoint of AiCoin. The market is risky and investments should be made with caution.