Thursday Evening Bitcoin Ethereum Analysis

Let's interpret today's market situation. The Bitcoin price has a daily fluctuation of less than 1%, and the internal trend is mainly in a breakdown state, so we need to be cautious of further local dips. It’s a market where it’s better to watch more and act less; the suggestion is to enjoy life and leisure, as not operating is also a form of operation at this stage.

Although the current market is in a short-term bearish structure, the long-term support level still exists. Essentially, it remains a phase of oscillation and tug-of-war. From the 4-hour and 8-hour market charts, the overall market trend continues the breakdown pattern that started on the 17th. The further we extend this timeline, the greater the uncertainty and therefore the risk. Only if we see a recovery trend of over 3% from the baseline of 106200 will there be a chance for a second retest.

Old Wang suggests that before there is increased volatility, there is no need for excessive operations. Just be cautious of further price dips and consider entering after a dip. The short-term resistance level is around 106000 (a breakout and retest can be used for small waves), and the support level is 102000 (in case of a sharp drop, one can seize the rebound). #鲍威尔发言 $BTC