The current market price repeatedly tests the support level, but the rebound strength is gradually weakening. This indicates that the support level cannot effectively sustain a continued upward movement. After multiple tests, the support's effectiveness is diminishing. Currently, there is no strong continuation after the upward probe, and the price has formed a long upper shadow. After the probe, a pullback suggests paying attention to whether the downward trendline can lead to a top-bottom reversal and form a consolidation pattern for the bulls to continue.



BTC: Watch the support at 68,200-68,700. If not broken, the rebound target is 71,500-73,000-74,000; if it falls below 68,200, consider abandoning long positions, with support below at 66,000-65,000.

ETH: Focus on the support at 1,980-2,000. If not broken, look for resistance at 2,100-2,150-2,200; if it falls below 1,980, then watch for 1,930-1,900.
ETH2.3%
BTC2.93%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin