Daily K Trend Analysis: Bitcoin's performance over the weekend was weak, with a bearish engulfing pattern forming on Saturday. After being obstructed by the midline, another bearish candle engulfing previous gains was recorded on Sunday, indicating that the previous bullish rally aimed at acquiring short liquidity has completely failed. The market needs to 'reorganize and start anew.' Prices may continue to dip to acquire long liquidity. Overall, the short-term market leans towards short positions, waiting for prices to reach key support levels before considering long positions. The daily MACD is about to form a dead cross, suggesting a pullback may last for some time, and investors should remain cautious. For ETH, focus on the support levels of 1750 and 1703, the latter forming a complete bullish shark pattern, making it a better long position. Yesterday's review: The short position at 97,600 is still held, currently in a profit of about 3,000 points. It was suggested that Bitcoin might first surge to acquire short liquidity before dropping to acquire long liquidity; the first phase has been completed, and we are entering the second phase.
Resistance Level 1: 95,200 (Hourly EMA60 + Bearish Gartley 0.786 position + Support and Resistance Swap Area)
Support Level 1: 92,300 (Bullish Bat 0.886 position + 1.13 False Break Position + Lower Boundary of Consolidation Zone)
Support Level 2: 90,800 (Daily EMA30 + 1.13 False Break Position + 91,600 Liquidity Acquisition Zone)
Support Level 3: 89,100 (Daily EMA60 + 0.382 Retracement Level of the First Wave Up)$BTC
For more detailed point analysis, please watch today's market analysis video, which contains detailed explanations! Follow Aleng to study candlestick patterns, and we will meet at the peak together! Pay attention so you don't get lost, and get the latest point interpretations every day!