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Hello everyone, I'm saying goodbye. I will be live streaming tonight at exactly 7 o'clock.
The most exciting thing yesterday was undoubtedly Bitcoin. At the beginning of the week, we just touched the rebound high point of early December. We thought we could make another wave of gains, but the profit taking market took a break and the price plummeted. Fortunately, the 4-hour candlestick was considered impressive, as it held up when it fell to around 90000 below the Bollinger Bands and did not break directly. From a technical perspective, RSI is almost falling to the edge of oversold, and the decrease in MACD also indicates that the bearish momentum is almost exhausted. Although the overall direction is still dominated by bears, the hourly RSI has begun to "turn around and move upwards", as if saying "I can still salvage it".
Today's operation focuses on two challenges: the 92500 and 93000 above are short-term "pressure mountains" that can only be truly recovered if they can overcome them; The 90000 mark below is the 'lifeline', and if you can't hold on, you have to be mentally prepared to drop to 89000. After all, the bears in the cryptocurrency industry never show mercy, and being able to maintain stability is the key.
Ethereum: The downward trend is slightly gentle, with the 3000 mark being the bottom line
Compared to the "sharp decline and surge" of Bitcoin, Ethereum was considered a "gentle correction" yesterday. It also fell to the 4-hour Bollinger Bands, but the pullback was significantly weaker. After rebounding around 3130 in the early morning, it has now stabilized its position. On a technical level, although the bears are still increasing their volume slightly, the hourly level has already started the "repair mode", which can be considered a small piece of good news.
Today, focus on these key positions: 3200 and 3250 above are the "small targets" for short-term rebound, and only by crossing them can we alleviate the downward pressure; Below 3100 and 3070 are support levels, and the most crucial one is the 3000 level - if this level is broken, it may trigger another wave of panic selling, and those who hold positions need to keep a close eye on it.
Tonight's live broadcast will bring you real-time short-term orders, including the layout of mainstream Ethereum knockoff market in the future
QQ group number: 1043767277
Meeting number: 9031749175
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.