Technical Analysis: BTC (Bitcoin)
Market Review: Influenced by the Federal Reserve's speech in the early morning, Bitcoin quickly dropped over 2500 points within half an hour, and then rebounded rapidly by over 1000 points due to favorable policies (mainstreaming of cryptocurrencies and expectations of regulatory easing).
Daily Level: The price has tested the 83 level multiple times without breaking it, and has stabilized and rebounded during the European and American trading sessions. The recent K-line structure shows a high-level fluctuation pattern, with strong support at the 83 line, but the highs above are gradually descending. Currently, the daily opening is below the 7-day moving average, and the overall movement is within the 83-86 range.
Technical Structure: 4-Hour Level: The rebound last night formed a lower high, but overall it still shows a bearish trend. If it effectively breaks below the 83 support, it may open up further downward space.
Key Levels: Upper Resistance: 845-855, Lower Support: 825-815
Operational Strategy: Maintain a fluctuation mindset in the short term. If the rebound is pressured in the 845-855 area, consider short positions. If it breaks below the 825-815 support, it may accelerate the downward movement.
ETH (Ethereum)
Market Review: Yesterday's movement was in line with expectations, maintaining a fluctuation range of 1610-1540, overall showing a downward trend, but the decline has narrowed.
The daily level is still under pressure from moving averages, with the 14-day moving average continuing to decline. In the short term, it still mainly consolidates weakly.
Technical Structure: 4-Hour Level: The recent high at 1680 has formed resistance, and it is currently in a downward fluctuation channel, with limited short-term rebound momentum.
Key Levels: Upper Resistance: 1600-1630, Lower Support: 1550-1520
Operational Strategy: If the rebound encounters resistance in the 1600-1630 area, consider short positions. If it breaks below 1550, it may further test the 1520 support.
