Daily K Trend Analysis: Bitcoin made a straight V reversal from 103,000 to 106,600 over the weekend. CPI data will be released tonight at 8:30, which is a crucial turning point. Be cautious! The current market direction is not strong: the 4-hour level shows a bullish moving average, but the daily level closed poorly and the ABC correction structure has not been broken, posing a downside risk. Before the CPI data is released, a conservative strategy is recommended: be cautious when going long and do not short. Based on the triangle consolidation forecast, Bitcoin may form a volatile trend in the current area. The predicted downtrend line overlaps with the support resistance exchange point and EMA60, making 108,500 a key support level.#比特币走势分析
ETH Ethereum identifies Wyckoff distribution risk, 2830 is a key observation point, and it is recommended to observe temporarily without chasing longs.#以太坊生态回暖
Previous Review: The long strategy at 108,300 yesterday was successful, rising straight by 2,000 points. However, the market did not break the previous high and rise by 3,000-5,000 points as expected after pulling out the bullish moving average, but instead established a downtrend line, providing a basis for today's strategy adjustment.
Resistance Level: Current established downtrend line (connected by two high points)
Support Level 1: 108,500 (aggressive position, bullish bat pattern + triangle consolidation forecast + EMA60 overlap)
Support Level 2: 106,700 (conservative position, M top neckline support resistance exchange + 0.382 retracement + downtrend line retracement)$BTC
For more detailed point analysis, please watch today's market analysis video, which contains detailed explanations! Follow along with Aleng to study K lines, and let’s meet at the peak together! Follow closely to avoid getting lost and receive daily updates on point interpretations!