BTC analysis:
BTC broke through to 68686 this morning, and then pulled back to 65000 at midday. It is normal for the pie to pin up and down the range of 1,000 to 5,000 points at high levels. The market made a slight correction of 3-5 points, and the altcoins subsequently fell by a dozen to 20 points. Currently, the support below the previous high of 64,000 is the biggest pressure level. If it does not fall below this support, there is still a chance to hit the previous high. However, risks are also increasing.
From the Spring Festival market even exceeding 20,000 to the current market, 80% of retail investors are short, and there are even many short sellers. After two years of waiting for the bear market, they collapsed on the eve of the bull market. FOMO anxiety is severe. We still caution that the risks are increasing, although we see that BTC may break the previous high or even reach 80,000.
ETH analysis:
The ETH/BTC exchange rate rebounded, with Aita making up for the increase and exceeding 3,700. There are still opportunities for altcoins to deploy low-priced varieties. There are still 5 days left before the Cancun upgrade, and it is less than 300 points away from 4000. There is no need to worry about falling back to 3520, which was the triangle breakthrough yesterday. Fibonacci 0.786 (4000) is the next pressure level, followed by the previous high.
[Friends who are not sure about the flight situation and are trapped can consult the beast caller]
Today's score THETA scored 60 points. The recent rebound in aviation conditions has been relatively strong, and the long and short competition has become more fierce. Orders will definitely bring good losses.
