The current market as a whole is still in a state of shock, especially for BTC. Yesterday, BTC prices rebounded and once exceeded the $30,000 mark, while the current daily bottom support level is still near $29,000. It is important to note that the break of the support level is usually defined by the entity of the daily line, so last Tuesday's break is a virtual break.
Yesterday's closing price was a negative line, and today's performance will determine the next trend. If a large negative line continues to form today, it may be defined as a breakout, suggesting that a larger downward trend may occur. On the contrary, if the market remains volatile, then we can continue to observe.
ETH performed significantly weaker. Although the price once tested downward, the support area below is between $1808 and $1770, which is a strong support area. The price above $1,890 has become a strong resistance level in the past half month. Therefore, ETH has been in an embarrassing shock situation, and it is difficult to break through the upper and lower boundaries. In the short term, we need to pay close attention to the $1808 support level. Once the level is broken, it may continue to fall to the 1770 level.
