Evening Thought Sharing $BTC $ETH
MA144 and MA169 moving averages have formed a strong resistance. The current price is accelerating down below the moving averages, having already broken through the key support level of 113000, showing a clear downward trend.
Although the green bars on the MACD indicator have shrunk, suggesting that selling pressure may have eased slightly, both the DIF and DEA remain deep below the zero axis, indicating that the current 'bounce' is likely just a technical correction, similar to a headwind correction, and not a signal of trend reversal. If the support level of 112660 is effectively broken, the price may continue to seek downward support, potentially opening up the downside space toward the 110000 level.
Based on this technical analysis, I personally believe that the current market still faces significant downward risk and advise cautious operations. Here are my specific views for reference:
- Bitcoin is fluctuating in the range of 113800 to 114300 and may test the support levels of 112800 and 111300 downward in the short term.
- Ethereum may fluctuate in the range of 3520 to 3550, targeting 3450 and 3380 respectively.
These analyses are merely personal opinions; please make decisions cautiously based on your own risk tolerance. #加密项目 #加密市场回调 #白宫数字资产报告 #以太坊十周年