Yesterday, I mentioned that the support has moved up to 68500 and reminded that there is no need to chase the highs; pullbacks are still good entry opportunities. In the afternoon, I noted that there was a short-term divergence, and after the price reached a new high, it pulled back. Be cautious of a short-term price drop. In the evening, it fell to 66840, which also tested the support at the 66666 level.
Ethereum had a one-day rebound and then fell back. The market hit 2769 and then pulled back to 2688, failing to sustain the rebound below that level. Currently, the market is still looking at Bitcoin's movements; whenever Bitcoin pulls back, Ethereum and altcoins also drop.
Bitcoin
The weekly candlestick chart shows that the MACD at the bottom is continuously rising and has crossed the zero line, with the fast and slow lines intersecting. Therefore, we believe that at least a few weeks of a larger trend will continue. The daily chart shows a rising flag pattern with signs of a pullback to the upper line, which itself is a weak breakout trend line. I will only remind about layout opportunities when the price is low; once it rises to the middle or high positions, I generally will not remind.
The 4-hour trend level has completed the bat pattern as we expected and continues to form a bearish deep sea crab pattern pointing towards 70000, with the highest rebound reaching 59500. The decline is not yet complete, and we continue to wait for opportunities to catch the reversal. Specific entry positions will be published.
Support: Pressure:
Ethereum
Ethereum has rebounded over 330 points, forming a decent bullish candlestick. It is currently testing the support of the upper line of the converging triangle. The probability of falling back is relatively high, and the 4-hour chart also shows continuous divergence. We continue to wait for a good opportunity to add positions after the adjustment.
Support: Pressure:
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The article is time-sensitive and for reference only; it is updated in real-time.
Focusing on candlestick technical research, sharing global investment opportunities. Public account: Trading Prince Fusu
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