Intraday Trading Reference Answers

Good afternoon, brothers. This market really doesn't rebound when it falls; today it has broken 80000, can you imagine? Those who were singing bullish at the beginning of the month are probably feeling quite uncomfortable now. Some may have already been liquidated, and others might get liquidated even with a little drop. It's still the same saying: the trend cannot be reversed, brothers, the trend cannot be reversed. Once a downward trend forms in the later stage of a bull market, it won't give you a chance to exit; it will only clean out your positions. Once the bulls are mostly cleared out and everyone is turning to chase shorts, the market will start to rebound and rise again, harvesting back and forth. Contracts really lead one towards the end of destruction; cherish your life and stay away from contracts. To survive in this market, you must manage your positions well and execute strictly. Don't challenge the market with your greedy human nature.

Returning to the charts, Bitcoin has already broken 80,000. The probability of testing the strong monthly support at 76,300 is very high. The bulls have been mostly cleared out; if it dips again, the market will see a rebound. A rebound can still be attempted around 76,300. Tomorrow as we switch to the next month, as long as this level does not break, the market is not completely bearish yet, and there will still be a significant rebound, probably around 90,000. Currently, there is no rebound. The upper pressure is first looking at the breakout of 81,500, then 82,500 and 84,300. At least a four-hour closing above 84,300 is needed for the rebound to have strength. If it doesn't go up, just wait around 76,300.

The last line of defense for the Ethereum is 2,100. If it falls below, it will be testing the supports at 2,000 and 1,800. The current rebound is also very weak; the rebound pressure is first looking at 2,230. If this pressure breaks, then look at 2,297. As long as the pressure at 2,230 cannot be broken, the rebound will be weak. Long positions can wait directly in the range of 2,200 to 1,800.