Analysis at 6:24 AM
The major cryptocurrency experienced a sharp decline yesterday but has now seen a deep V-shaped rebound. Although it closed with a large bullish candlestick, the prior drop was too severe, and the overall trend remains weak with fluctuations.
Currently, there is obvious resistance around 103300 in the short term. Although the hourly MACD has crossed upwards, the bullish momentum is starting to weaken; the KDJ indicates short-term overbought conditions, and the RSI has returned to a neutral to strong position, suggesting a need for a pullback.
Therefore, the end-of-day strategy:
You can accumulate in batches around 104500-103500, with short-term support at around 102000 and 100700. If these levels are broken, we will reassess!
Ethereum is similar to the major cryptocurrency.
You can accumulate in batches around 2400-2370, with short-term support at around 2300 and 2250. If these levels are broken, we will reassess!
