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Bitcoin broke through the support of 78536 yesterday and then began to retrace, stepping back on the upper boundary of the flag to confirm the effectiveness of the support before rebounding. Currently, the first attempt to break through the resistance of 78536 was unsuccessful. Next, let's see if the second attempt can break through the resistance of 78536. If the second attempt still cannot break through the resistance of 78536, a double top pattern will form near 78536. The appearance of a double top pattern at the hourly level means that there is a demand for a retracement at the hourly level. A pullback can run within the flag shape, but it is best not to fall below the support of 77370, because once it falls below the support of 77370, the bullish trend between 78536-77370 will have a lower low point, so we can only continue to walk back and look down at the lower boundary of the flag shape and the support of 76234.
On the contrary, only by successfully breaking through the resistance of 78536 for the second time can we start to rise again. First, look at the previous high of 79489. After breaking through the previous high, look up to around 80000. Once we break through 78536 and touch the previous high but do not break through it to create a higher high, a big rebound may come. If we cannot go up or down, we will consolidate and oscillate around 78536-77370. Today is still a volatile situation if we don't shout on Saturday. Try to watch more and move less on Saturday and Sunday.
Bitcoin's trading volume has broken through 78367. On the right side, there are radical bulls chasing long positions, while on the right side, the trading volume of 77449 has fallen below 77449. It is impossible to withdraw and chase short positions on the right side, so it is important to take a stop loss. Breaking through the hourly level of Da Bing and standing firm at 78367, looking up at 79489-80781, it's useless if you can't go up 78367. At the 4-hour level, it fell below 77414 and looked down at 76281-74901. The upper pressure is 78367-79489-80781. Lower support 77471-76176-74868
【ETH】
As long as the resistance of the second pancake can break through the flag shape 2325, it will also be broken along with the trend. Only by breaking through 2325 can we look up at the resistance range of 2346-2380. If we cannot go up, we can maintain the internal consolidation of the flag shape. For the second pancake, it is already the best trend at present. As long as the pullback does not fall below the flag shape, there is nothing wrong. If it falls below the support of the flag shape 2270, it will also be broken. A second retracement of 2218 will come.
Ethereum's trading volume has exceeded 2298, chasing long on the right side and taking back stop loss. At 2277, if the trading volume falls below the right side and you chase short, take a good stop loss. Step back at 2231 to confirm effective support, one more hand, stop loss at 2200. Ethereum hourly level stabilizes at 2298 and looks up at 2326-2346. Pay attention to 2383 on Ethereum and give a short hand, break through 2405 stop loss.
Operational suggestions;
Ethereum is above 2174, with a stop loss below 2131. Target 2298-22326-2346. Lower support 2278-2244-2219.
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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.
