4.11 Market Analysis: Bitcoin's rebound is weak, looking for a downward fluctuation during the day.

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5 days ago

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  BTC: After testing the key trend line on the daily chart, the price has shown a significant pullback at this position. Even though yesterday's CPI data was very favorable, it did not push the price upward, and the selling pressure above remains very evident. There is a high probability that there is still a downward move that has not completely played out at this position. The support below is at 78000, and the resistance above is around 80500.

ETH: The recent rebound is an opportunity to offload. The inability of the rebound to sustain means that this position is not yet a temporary bottom. The trend is very weak, and there is clearly more room for decline. The minor resistance is at 1580-1600, with support at 1450.

For more explanations, please patiently watch the video. If you have any questions, you can follow the public account: Ding Junxian.

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