Recently, the BTC daily line closed with a bearish candle, and the price continued to decline during the night. However, after the new trading day began, it did not continue to plummet significantly, and after the price reached the 103500 dollar area, a technical rebound occurred.
Although the support level of $104,000 has been broken, from a daily chart perspective, this rebound aligns with technical analysis expectations. However, it should be noted that the current rebound strength is still insufficient. Ideally, if the price could dip to the $102,500-$103,000 range and then form an effective rebound, the technical pattern would be healthier.
The current rebound momentum is relatively weak, and investors need to closely monitor the subsequent market energy accumulation situation.
Ethereum market trend:
After Ethereum's price fell below the important support level of $2480 yesterday, it quickly dipped to around $2450, followed by a rebound of about $100, rising to the $2550 range.
After the rebound in the early morning, today's trading session is likely to show a corrective pullback trend, and investors should be alert to the support level below. From the overall market environment, the digital currency market is still in the adjustment phase, and short-term fluctuations may continue.
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DeFiDoctor
· 5h ago
The clinical manifestations are consistent, but the rebound potential is severely insufficient. It is recommended to observe and rest in bed.
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CryptoAdventurer
· 5h ago
Stepping on a landmine made me laugh out loud, this wave didn't catch me.
Reply0
AltcoinHunter
· 5h ago
Everyone is studying the technical aspects, but no one is researching how much I have lost.
Reply0
BlockchainFoodie
· 5h ago
this market's got more ups n downs than a souffle... need that 102k support like a perfectly proofed dough tbh
Reply0
BrokenDAO
· 5h ago
According to this trend, the more it rebounds, the harder it falls.
Reply0
CryptoComedian
· 5h ago
Look at this support level, it broke while laughing and falling.
Reply0
LayerZeroHero
· 5h ago
The data is all matched, and the waveform completely aligns with the pump fluctuation method.
Bitcoin Market Observation:
Recently, the BTC daily line closed with a bearish candle, and the price continued to decline during the night. However, after the new trading day began, it did not continue to plummet significantly, and after the price reached the 103500 dollar area, a technical rebound occurred.
Although the support level of $104,000 has been broken, from a daily chart perspective, this rebound aligns with technical analysis expectations. However, it should be noted that the current rebound strength is still insufficient. Ideally, if the price could dip to the $102,500-$103,000 range and then form an effective rebound, the technical pattern would be healthier.
The current rebound momentum is relatively weak, and investors need to closely monitor the subsequent market energy accumulation situation.
Ethereum market trend:
After Ethereum's price fell below the important support level of $2480 yesterday, it quickly dipped to around $2450, followed by a rebound of about $100, rising to the $2550 range.
After the rebound in the early morning, today's trading session is likely to show a corrective pullback trend, and investors should be alert to the support level below. From the overall market environment, the digital currency market is still in the adjustment phase, and short-term fluctuations may continue.