Today's Midday Market Analysis
$BTC Last night, Bitcoin experienced a decline and tested the upper resistance level unsuccessfully. By morning, it faced a slight downward trend and is currently oscillating within the 84300 range. The daily MACD has fallen below the zero axis, indicating a significant potential for a short-term correction. Today, pay attention to the upper resistance level of 94850; if it cannot hold today, it will likely drop further. If the bulls are strong, watch for the high resistance level of 95500!
If the bears are strong, pay attention to the lower support level of 92800!
$ETH Ethereum also tested the upper resistance twice last night and broke through the resistance level mentioned yesterday around 6:30 AM. However, it could not stabilize and retraced to 1791. It is currently oscillating in the 1800 range, and compared to Bitcoin, Ethereum is still relatively weak. Today, watch the 1815 level; if it cannot rebound above this, it indicates weakness in the bulls and further downward correction may follow. If it surpasses this level, watch the upper resistance levels of 1835 and 1848. Lower support levels are at 1780 and 1742!
Overall, it's still necessary to enter the market from the right side, avoiding frequent trades and certain strategies to gain rewards in this market! I am Tianyan and only follow the trend! Feel free to consult for precise strategies!
Intraday focus: LRC ICX PARTI
