1. Today's market analysis
For Bitcoin today, the resistance level at the intraday level is around 29,500, with a range of around $100 on up and down. Currently, the daily level is still in a downward channel. Yesterday, there was still capital taking over at the support level, and the buying was large, so the spike performance will come out. The intraday support is currently unchanged at around 28,800. The market will change this week, so pay attention to risk control.
The two-cake market has currently touched the support point of 1800, and it rebounded, but the rebound was very weak. The decline of the two-cake yesterday was also the recent low point. Therefore, the market trend is still looking at a small level of retracement at the daily level, which will not change. The intraday resistance point will focus on the line near 1860, and the fluctuation resistance point of ten US dollars above and below. In the case of a retracement when the resistance level is touched, the support point will focus on the 1800-20 range.
2. Pending orders:
Short Bitcoin at 29400, stop loss at 29700, take profit at 28800.
Short Ethereum at 1852, stop loss at 1875, take profit at 1800.