$BTC $ETH #比特币走势分析 Good morning everyone, the price began to rebound after a brief drop yesterday morning, but the rebound's volatility base is not large. Soon after, the price fell three consecutive times and broke through the bottom support, dropping to the lowest point of 102614 in the early hours of today. The price fluctuated greatly, and during our actual trading in the early hours, we also closely followed the trend, seizing the opportunity to enter the market at the large pancake point of 106630, and exited when the price dropped to 103727, successfully capturing a space of 2903 points; the market is always full of uncertainties, blindly making moves is always unsatisfactory. Focus on the strategy of Brother Nan to participate and use the shortest time to take off.
From the daily chart of the large pancake, the price began to show a fluctuating pattern downward after rising to the line of 110653. Even with a rebound, it is difficult to return and stabilize above the 110,000 mark, with the lowest dropping to around 100305 forming effective support at the bottom. The price began to rise with consecutive bullish candles, but after hitting the bottom, it started three consecutive bearish candles moving downward. The K-line chart pattern is clear; the price has always moved forward in a step-high and step-low pattern, with another low step leading to another plunge. From the 4-hour chart of the large pancake, the price began to break through the bottom support and fell to the lowest point of 102614 after moving forward in a fluctuating correction pattern. From the 1-hour chart of the large pancake, the price K-line shows a cross consolidation with shrinking space. Shortly after, the price began to face downward pressure and broke through, but there was a brief rebound. Based on the current pattern of the price, the bottom of the K-line has already formed support. Our bullish outlook remains unchanged; perhaps the market will test the lower support and then rebound again. The volatility base is relatively large, and the stop-loss can be set a bit wider to prevent being swept out by a false breakout. Combine with smaller level patterns and structures during the actual trading, and everything will be based on the actual trading situation.
In the afternoon, the price can be picked up at 103500-103000, targeting around the 105500 point; for Ethereum, pick up at 2480-2450, targeting around the 2580 point.