Currently, the market still shows a clear bearish trend, and the rebound has yet to break through the upper resistance level. All indicators point to a dominant bearish sentiment, with insufficient volume during the rebound phase. It is highly likely that the price will continue to decline toward the lower support levels tonight.
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.
2.3 Evening Mainstream Market Analysis
Currently, the market still shows a clear bearish trend, and the rebound has yet to break through the upper resistance level.
All indicators point to a dominant bearish sentiment, with insufficient volume during the rebound phase. It is highly likely that the price will continue to decline toward the lower support levels tonight.
Mufeng Trading Recommendations
Bitcoin 78,800-79,500, target 77,400-76,200;
Ethereum 2,320-2,350, target 2,270-2,230 support zone.