#ETH
《Trend Changes — Current Market Analysis》
The entire market is a sea of red, which is quite panic-inducing. Moreover, Bitcoin formed a 'Ten-Character Star' on Saturday, which is a clear signal of a peak during an uptrend. The rapid MACD KDJ death cross has formed, increasing the probability of a pullback.
For Bitcoin, the first focus on pullback is the 92800 level. If it breaks this support during the decline, it may test lower levels around 92200. If it can stabilize above this level, there won't be a significant pullback. However, if this level is breached, the next target will be the 90000 mark, and there may also be a trend towards 86000.
Ethereum's weekend fluctuation was hinted at last Friday, centering around the 1800 level. The resistance given by Taka is near 1850, while support is around 1770. In the last two days, the highest has been 1857 and the lowest 1777, all within expectations.
From the 4-hour perspective on Ethereum, there is a minor support at 1790, and further down at 1760. If this level is breached, the probability of another flood for Ethereum will increase, with a trend towards around 1650, leading to a wailing scene in the altcoin market.
