#以太坊行情解读 Morning news: Bitcoin and Ethereum were in a stalemate last night, only becoming clearer during the Asian market session. After the daily chart reset, the market has taken on a new rhythm, and the probability of a rebound looks considerable, but this mainly pertains to the overall market. Whether altcoins can rise in sync will need to be judged after observing a few more candlesticks.
Bitcoin has found support around 88000, with a relatively clear signal to stop the decline, and the support line has also risen a bit, which is not a bad thing. 90000 has become the current resistance level. Although the market shows an upward intention, it is still more about fluctuating up and down during the Asian market period, without forming a particularly strong breakthrough.
Ethereum has performed more solidly than Bitcoin. After stabilizing around 2070, the trend is noticeably stronger. 3050 is still the key resistance in the medium to short term, as well as the dividing line between bulls and bears. Looking at a larger time frame, both Bitcoin and Ethereum show signs of bottoming out. This week, in terms of the overall direction, one should avoid shorting, as the risk-reward ratio is not very favorable. Instead, one should consider opportunities for positioning at lower levels.
I've been paying attention to the daily chart around 8 AM, and I just noticed TANSSI breaking out with increased volume, so I went ahead and shorted a position. Looks like I made some money for my morning tea. I hope everyone can also have some small gains this week.
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#以太坊行情解读 Morning news: Bitcoin and Ethereum were in a stalemate last night, only becoming clearer during the Asian market session. After the daily chart reset, the market has taken on a new rhythm, and the probability of a rebound looks considerable, but this mainly pertains to the overall market. Whether altcoins can rise in sync will need to be judged after observing a few more candlesticks.
Bitcoin has found support around 88000, with a relatively clear signal to stop the decline, and the support line has also risen a bit, which is not a bad thing. 90000 has become the current resistance level. Although the market shows an upward intention, it is still more about fluctuating up and down during the Asian market period, without forming a particularly strong breakthrough.
Ethereum has performed more solidly than Bitcoin. After stabilizing around 2070, the trend is noticeably stronger. 3050 is still the key resistance in the medium to short term, as well as the dividing line between bulls and bears. Looking at a larger time frame, both Bitcoin and Ethereum show signs of bottoming out. This week, in terms of the overall direction, one should avoid shorting, as the risk-reward ratio is not very favorable. Instead, one should consider opportunities for positioning at lower levels.
I've been paying attention to the daily chart around 8 AM, and I just noticed TANSSI breaking out with increased volume, so I went ahead and shorted a position. Looks like I made some money for my morning tea. I hope everyone can also have some small gains this week.
$ETH