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Hello everyone, I am Tony the Elder! Bitcoin oscillated around the line of 103300 and 102000 yesterday, and then accelerated its decline to a low near 98600 in the evening. The trading trend continued to increase, and Ethereum fell back to around 2100 near 2310. The strong influence of the United States is related to the situation in the Middle East, and the fear in the global financial market is increasing, leading to a continuous increase in market volatility. Bitcoin fell in a waterfall over the weekend, briefly breaking below the 100000 mark and reaching the 98600 line. After four hours of closing, it rebounded slightly, with a strong overall rebound. Currently, it is oscillating around 101000 and has not yet broken through the downward trend.
Pay attention to the pressure near 102500103000 above Bitcoin. Pay attention to the strong support around 97200-95800 below.
Pay attention to the pressure around 2280-2310 on Ethereum. Pay attention to the support around 2150-2100 below.
In the short term, we are currently in a period of consolidation and recovery, with a certain increase in rebound momentum, but the strength is not enough to change the overall downward trend. Based on the cross star and flat bottom in the K-line pattern, as well as the oscillation characteristics presented by indicator analysis, the price will oscillate and consolidate in the range of 99000-102000 for a while. In the short term, we will see if it breaks through the main resistance line of 102000. If it breaks through, it may directly go into a V-shaped reversal, testing the strong pressure position of the 103500 daily line above! My evening strategy is mainly focused on live streaming with real-time orders!
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Disclaimer: The above content only represents the author's personal opinion and is for communication and sharing purposes only. It does not represent the position or viewpoint of AiCoin and does not constitute any investment advice. Based on this investment, there may be external contacts, which have nothing to do with AiCoin, and the consequences shall be borne by oneself.