Daily K Trend Analysis: Bitcoin formed a hammer candle yesterday. Current daily average K line and technical indicators like MACD suggest that the pullback may not have officially started yet. The market is at a critical turning point, presenting two possible technical trends: 1) Confirm the M top and begin a pullback; 2) Form a continuation triangle consolidation before breaking out. Ethereum at the 1650 level has multiple technical supports: bullish butterfly pattern + 0.618 Fibonacci retracement, which belongs to a potential reversal area. Yesterday's review: The support level of 91600 provided in yesterday's video was precisely triggered, followed by a price increase of nearly 3000 points.#比特币走势分析
Resistance Level 1: 96400 (0.618 Fibonacci retracement level + bearish shark pattern + 1.13 false breakout position)
Resistance Level 2: 97400 (overlap of bearish bat pattern + bearish crab pattern, shorting is not recommended unless the previous high is broken)
Support Level 1: 91200 (M top neck line + EMA60 + 1.13 false breakdown position + near 4-hour EMA30)
Support Level 2: 89700 (expected support level after EMA60 moves up + 0.618/0.382 structural level)$BTC
For more detailed point analysis, please watch today's market analysis video, which contains detailed explanations! Follow Aleng to study K lines, and we will meet at the peak together! Pay attention so you won't get lost, and receive the latest point interpretations daily!