Daily K Trend Analysis: Bitcoin rebounded from 103,000 to 106,600 during the weekend. The EMA moving average system experienced a key conversion: the hourly level formed a bullish alignment on Sunday, while the 4-hour level only formed a bullish moving average alignment on Monday. This is the first time to use the EMA moving average for tracking. Technically, the surge last night followed the EMA7 upward and has now broken below the EMA14, completing a pullback. Next, focus on the support of the hourly EMA30, which closely overlaps with the 0.618 retracement level.#比特币走势分析
ETH Ethereum, due to the recent V-shaped rebound market, has not been well grasped. We will not provide Ethereum trading strategies for now, and we need to observe for a few more days to reduce trading frequency and wait for clearer trend signals.#以太坊走势观察
Previous Review: The two resistance levels given yesterday, 107,600 and 110,600, accurately predicted the only two pullback points in the entire upward movement: a short operation was executed at the 107,600 level, but due to the market situation, it was not closed in time, earning 400 points less. The 110,600 level was not operated due to time constraints, with a maximum floating profit of 1,500 points.
Resistance Level 1: 114,300 (previous high position, big shark pattern)
Potential Resistance Level: 122,000 (weekly level fifth wave target)
Support Level 1: 108,300 (EMA30 + 0.618 retracement + 15-minute tunnel support overlap)
Support Level 2: 106,700 (M top neck line support and resistance swap + 0.382 retracement + downward trend line pullback)$BTC
For more detailed point analysis, please watch today's market analysis video, which includes a detailed explanation! Follow Aleng to study K Lines, and let’s meet at the peak together! Pay attention to avoid getting lost, and get daily updates on the latest point interpretations!