As time enters the early trading period of the coal market, Powell's speech has ended. His ambiguous remarks seem to have little stimulating effect on the cryptocurrency market. Instead, before his remarks, some major forces appear to have panicked and sold off, causing prices to continue to weaken. We are also buying at the rebound position of the price comparison, currently witnessing a warming range in the price comparison. This is one of the reasons why we need to pay attention to the news.
Currently, the Bitcoin daily line closes with a bearish candle. The main force is entering the market, and with the apparent heat of the news, it continues to hold well for the long term. There is a further upward trend in price comparison. On the four-hour level, the candlestick pattern indicates a downward stop, followed by two consecutive bullish candles that lift the support below steadily. The market may give a rebound, and on the one-hour level, there has been a continuous decline to the bottom, showing a low position doji star. In summary, the market outlook indicates an upward trend in price comparison. The Bitcoin range is around 102500—102000 for buying, with a target around 103600, and for Ethereum, around 2530 for buying, with a target around 2620.
