#大盘走势
Today, let's discuss the current stage of the market and specific operational suggestions. First, let's take a look at the daily chart of Bitcoin. The daily chart is at the end of a minor rebound, and the rebound momentum is weak. The upper resistance level is around 106600, which is already very close. It may touch this level, but the space is very small, and the probability of breaking upwards is very low. It is more likely to pull back to seek support! Looking at the 3-day chart, a top divergence has developed. If we maintain the current pattern, with a double negative candlestick sandwiching a doji, it is also a clear bearish pattern. On the weekly chart, it has broken below the upward channel, and the top divergence has taken shape. It is not yet confirmed, but the overall pattern is not good, showing an engulfing bearish candlestick, which also has downward momentum! The good thing is that there are currently no signs of a possible accelerated drop. The mid-term trend should still fluctuate, providing some operational space. In other words, if Bitcoin breaks below the previous low of 103068 and enters the range of 101000-102000, it is worth considering entering the market based on the specific situation!
Now let’s take a look at Ethereum. The situation with Ethereum is somewhat better than Bitcoin. Although the daily chart is also not great, the weekly chart has not deteriorated. Therefore, we can conclude that the daily level of Ethereum follows Bitcoin's decline, even with a larger drop than Bitcoin, but because the weekly chart is better, its performance after a stop in decline is likely to be stronger than Bitcoin. This is the basis for saying there is some operational space! Overall, around 2330 is still a position worth entering. However, one thing to remember is that recent operations should mainly focus on short-term trades. Once Bitcoin's larger bearish pattern is completed, there will inevitably be a wave of accelerated decline. Locking in profits and ensuring capital safety should be the primary considerations at this stage. Compared to the overall pattern, this is more suitable for speculation!
Welcome everyone to follow Binance spot trading
$BTC $ETH
