This column focuses on sharing major mainstream cryptocurrencies such as BTC/ETH/EOS/XRP/ETC/LTC/DOGE. Follow the public account "Yanbi" to avoid getting lost and enjoy more service guidance.
There is a space of about a thousand points, but not much more.
According to what was discussed in the live broadcast, the standard came to the 8.25 line and then rebounded.
However, in terms of the cycle perspective, a larger pullback is still needed before confirming support at the 8.0 key level to start rising.
Short-term viewpoint adjustments:
For subsequent rebounds, pay attention to the two strong resistance points at 8.38 and 8.48, seeking opportunities to look down in batches around these two strong resistance points. A breakthrough at 8.55 will be the signal for the bulls to start.
The pullback cycle is not suitable for looking down too much; if the trend does not expand, it will likely oscillate around 8.4-8.25.
In terms of the lower cycle perspective, pay attention to the 8.05-7.95 range for reference opportunities to go long in the medium term. As long as the bottom of 7.8 is not broken, the rebound will not easily end.
Ethereum has dropped too much previously, but it has become stronger after the current fluctuations have narrowed.
The pullback in the evening is not large, and the bottom is still around the 18.5 line.
From the perspective of the cycle trend:
The subsequent rebound is likely to go back to confirm the resistance near 19.5 again. However, as long as the 1970 entity is not broken, it will basically continue to oscillate within the range, and the pullback can be referenced at 19.5.
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