#BTC
Bitcoin has broken below 93000, creating a new low in the market within half a year. The four-hour chart shows a long lower shadow, and the hourly chart is gradually rebounding. Currently, 95000 is an important level for both bulls and bears, so whether it can hold above 95000 during the day is crucial. However, in the short term, I believe the market's downward trend has come to an end, with the main focus for today being on repairing and rebounding. In the first phase of the rebound, pay attention to whether the pressure at 96500 can be successfully broken. Short-term operations should mainly focus on buying low.
Support Level: 93000 Pressure Level: 96500
Ethereum's price has touched a low around 3001, and the market seems to have gone through a tough time. The four-hour rebound shows a quick recovery, and the hourly chart currently has strong rebound demand. In the short term, the market continues to look for a rebound, with a key focus on breaking the pressure level of 3255 during the day. It is recommended to focus on buying low.
Support Level: 3050 Pressure Level: 3255
Market Analysis
Due to the uncertainty of interest rate cuts and macroeconomic factors continuously affecting market confidence, the current situation of market liquidity tightening is quite evident. The entire market is facing a significant directional choice, and mainstream coins like Bitcoin and Ethereum have entered a week-long adjustment phase. Currently, market sentiment is extremely fearful; however, I noticed that many people are not panicking, and it seems that many, like me, have become numb. Based on the current situation, this position is basically at the bottom. However, many indicators in this bull market have become ineffective, and it is not advisable to go all-in at the moment. However, you can start to build up a small position gradually, with a focus on #BNB and the privacy coin sector. #特朗普取消农产品关税 #加密市场回调
