Bitcoin has been fluctuating between 95000 and 98400 for the past half month during the downward B wave. This situation easily triggers stop-loss orders for bulls, such as at 92500 to 93700, and we will see if it can break out again. If the rebound fails to return to 102000 or significantly break the previous high of 110000, it will continue to correct.
Ethereum had a slight strong rebound yesterday but was brought down by Bitcoin. I also reminded everyone last night that the downward trend starting from February 1 is somewhat similar, so please pay attention ⚠️
As for whether a "black swan" or "gray rhino" event will occur, the text description is not as clear as a video, so please check the public account for more details.
Bitcoin
News: Strategy did not increase its Bitcoin holdings last weekend, and the U.S. stock market opened lower with varying degrees of correction across the three indices, which similarly brought Bitcoin down in the short term. We have been waiting for a rebound for a while, but it has not materialized, resulting in a narrow range of fluctuations for half a month. According to wave theory, we are in a downward B wave, and another drop to 92500 to 93700 cannot be ruled out before we look at the rebound strength.
The 4-hour chart shows two upward spikes at 97200, indicating significant resistance. Keep a close watch on the market.
Support: Resistance:
Ethereum
After a spike yesterday, it is currently still fluctuating within a small range, essentially falling back to yesterday's starting point. The MACD has turned positive for five consecutive days, but the price has not changed much. The direction still depends on whether Bitcoin will fake a breakdown and then rebound. Ethereum is also stuck between 2600, with limited short-term rebound potential, so pay attention to the potential low points at 2350 to 2450…
Support: Resistance:
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This article is time-sensitive and for reference only; it will be updated in real-time.
Focusing on K-line technical research, we aim to win global investment opportunities. Public account: Trading Prince Fusu
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