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In terms of the daily chart for Bitcoin, upward pressure continues to be prominent, with a series of expanded bearish candlesticks recorded recently. Bearish forces are continuously gathering, and the downward momentum is gradually accumulating, showing an intensified downtrend, with the overall market leaning towards a weak pattern.
Currently, the market is dominated by the trend, and operating in the direction of the trend is relatively safer. From the 4-hour perspective, a clear downward trend can be seen, with bearish candlesticks dominating; although there have been brief rebounds, the extent has been limited, and the strong characteristics of the trend are evident.
Bitcoin 113000-113500 support, watch around 111200.
Ethereum 4270-4300 support, watch 4150.
In terms of the daily chart for Bitcoin, upward pressure continues to be prominent, with a series of expanded bearish candlesticks recorded recently. Bearish forces are continuously gathering, and the downward momentum is gradually accumulating, showing an intensified downtrend, with the overall market leaning towards a weak pattern.
Currently, the market is dominated by the trend, and operating in the direction of the trend is relatively safer. From the 4-hour perspective, a clear downward trend can be seen, with bearish candlesticks dominating; although there have been brief rebounds, the extent has been limited, and the strong characteristics of the trend are evident.
Bitcoin 113000-113500 support, watch around 111200.
Ethereum 4270-4300 support, watch 4150.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BTC
116,744.01
+3.88%