Looking back, BTC hit the intraday resistance level of 69,300 last night and then dived. The closing line in the evening was also a semi-positive line. It spiked to around 66,800 points in the early morning and rebounded quickly to 68,000. Ethereum's spike directly broke the support level of 2,400 to the lowest point near 2,360, and also quickly made a pullback point. The four-hour intraday level tested 2,480 many times but did not break through. The election has affected the market up and down in the past two days. Pay attention to controlling the risks of the contracts. The overall trend view remains unchanged. After the election, there will be a rate cut. It is expected that the market will be better in the second half of the month. Why is the performance of the cottage industry so poor? Why didn't the sector rotation last year happen this year? To put it simply, it is not the turn of the dealer to make a layout. This year, we have been watching the performance of the big cake, which is completely controlled by institutions.
In terms of BTC intraday level, the focus of the four-hour four-hour is whether it can effectively break through and stabilize near 69,000, and the market will touch the 70,000 mark. The support level below is around 67,300. If the election result is not good, Bitcoin will continue to plunge in the 66,000-65,000 range. At present, the strong support level of 68,000 has been tested at the bottom many times. In the case of extreme plunges, there is a certain rebound in the 66,000-65 range, and the subsequent overall adjustment is expected.
ETH hit a low of 2360 in the early hours of last night, and closed at around 2380. The bottom support level was broken and rebounded. The resistance level above the intraday level is 2480-2520. The 2520 level will stabilize and the market will touch 2600. Then the market will completely enter the upward channel. Pay attention to the support level of 2380 low point below. If it breaks, look at 30 US dollars.
