Good afternoon, brothers. After yesterday's rebound, the market has continued to undergo a corrective phase for two consecutive days. Currently, the four-hour level of Bitcoin is testing the key resistance zone at the daily level, which we mentioned yesterday around 89000, and we are entering a decision-making period in the short term.
From an overall perspective, the core resistance at the daily level is between 90000 and 91000. As long as it is not effectively broken, the bearish pressure will not weaken, and there is a high probability of breaking down through the daily support around 88300-87000, initiating a daily level correction. The first target mentioned earlier is still to look at 87300, which has a high chance of breaking below, at which point we should pay attention to the previous low at 86000. If it breaks further down, we can look at the long position entry point around 84000 that we mentioned long ago; when it reaches that point, you can enter a long position accordingly.
For those who still hold low-position short orders, let me briefly mention that for those who are trapped with short orders, the upper pressure at 90700 and 91300 is something to be aware of. If we can control it to this point for liquidation, it should not be a problem. You can try to add to your short orders in batches, but the defense in this step is indispensable.
In terms of Ethereum, overall, it is a bit weaker than Bitcoin. After hitting resistance near 3020 yesterday, it failed to stabilize and retraced to test the round number of 3000. Today, the daily line failed to hold the 3000 mark, so we have to consider whether the momentum for this rebound has exhausted. If there is a subsequent correction, it will also be at the daily level, and overall it is still possible to take a risk. I personally don't trade much in Ethereum, so I won't elaborate too much; everyone can take it as a reference.
3050-70 is the first short-term resistance. As long as the rebound does not break through this position, the bearish correction rhythm will continue. The first target to watch remains in the range of 2930-2900, which is a previously dense trading area. The second phase target can look at 2860 and the round number of 2800, which is also a strong support area for daily level corrections. The defense must still be carried out, depending on your situation; you can place the defense around 3070 if you wish. $BTC #美联储利率决议 $ETH #瑞典上线VIRBNB $BNB #代币化白银热潮