Daily K-Line Trend Analysis: Yesterday's K-Line closed healthily, indicating that the EMA60 position indeed has support. The MACD shows a state of weakening bearish volume, and it is slowly trending upwards. Currently, it is still in a consolidation zone. It is only suitable to short at the boundary positions; shorting in the middle area is not recommended.
Ethereum had a bullish engulfing pattern on Sunday, and yesterday it closed with a very strong bullish candle. The MACD shows weakening volume, and there are no divergence signals on the 4-hour level, indicating there are no signs of a peak yet. The increase yesterday was stronger than Bitcoin, reclaiming the spotlight, and is currently in a state of upward pullback.
Previous Review: During the live broadcast, we accurately executed a short at 3716, with a stop loss at 3740; 3716 hit immediately, dropping nearly 70 points. After testing again, it dropped down to the 3600 level, gaining over 100 points in profit.
BTC Resistance Level 1: 116,600 (0.618 position + neck line body closing price nearby, stop loss covers key levels with 500-600 points)
BTC Resistance Level 2: 118,000 (If a pullback occurs at 116,600, this is the second resistance level, where bearish bat and bearish Gartley patterns overlap)
BTC Support Level: 112,300 (bullish bat pattern, stop loss at 111,800 only 500 points), 108,800 (secondary support level) $BTC
ETH Resistance Level: 3814 (bearish Gartley position, but should be treated as a small pullback operation, not recommended for deep shorting)
ETH Support Level: 3566 (bullish Gartley + wave high point overlapping position, as long as the body closing price does not fall below, there is an opportunity for an upward move) $ETH
For more detailed point analysis, please watch today's market analysis video, which contains detailed explanations. Follow A Ling to study candlestick patterns, and we will meet at the peak together! Follow for daily updates on the latest point interpretations!