The market rebound is facing resistance. The problems facing the future market are:

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6 months ago

The market changed to the weekly chart today. Due to the rebound of the weekly chart last week, the bearish energy of this week's weekly chart has been released. Currently, it is still in a weak bearish state, but the higher level is still bearish, which means that the future trend will be more complicated. The probability of a direct bullish trend is reduced. Currently, it seems that ETH is slightly weaker than BTC. The strong resistance areas cannot be reached. As for altcoins, due to the large adjustment range before, some strong rebounds are relatively large, and some strong currencies may reach new highs. You can pay attention to them. In the short term, BTC needs to break through 645 to attack the 66000-67000 area, which is the trend position on the daily chart. The current issue is that the daily chart is entering the overbought zone, and there is a need for adjustment in the short term on the 4-hour chart. The 4-hour chart is already at the critical point, and the daily chart is still in the low position. What needs attention on the daily chart is whether the double-line indicator on the chart will cross. If not, it means that the bearish trend has not ended. After the short-term 4-hour adjustment, it is expected to rebound, and it is expected that the daily chart will drive the three-day chart to rebound. In the short term, the pressure on BTC is at 64700, 66000-67200, and the support is at 63300-62000. The support for ETH is at 3100-3020, and the pressure is at 3250-3350-3470. The intraday energy is still in a bullish state, and it is expected to have repeated trends intraday.

Niuniu's simple analysis explains the market trend in plain language. Welcome to follow Niuniu's official account.

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