After the rise, is the bull market over?
① 20:30 US August total building permits
② 20:30 US August annualized total housing starts
I. Bitcoin
- Daily chart: The price has broken below the trend line and is testing the support at 25000. Pay attention to the test results in the future.
- 1-hour chart: After breaking above the 26400 level in the short term, there has been a pullback. If this support is not broken, there is still a chance for an upward trend.
II. Ethereum
- Daily chart: The price has already broken below the trend line and the 1630 level. Pay attention to the results of the rebound in the future.
- 1-hour chart: After breaking above the 1620 level in the short term, there has been a pullback. If this support is not broken, there is still a chance for an upward trend.
I. Bitcoin
- Yesterday's view:
Summary: After the price broke above the 26200 level in the short term, there was a pullback. If this support is not broken, there is still a chance for an upward trend. Pay attention to the resistance at 27500 and 28400 levels; if broken below, it will return to a downtrend, with support at 25800 and 25000 levels.
- Future trend:
After a pullback in the future trend without breaking below the 26200 level, there was a continued upward trend, reaching a high of 27397.
II. Ethereum
- Yesterday's view:
Summary: After the price broke above the 1610 level in the short term, there was a pullback. If this support is not broken, there is still a chance for an upward trend. Pay attention to the resistance at 1660 and 1695 levels; if broken below, it will return to a downtrend, with support at 1550 and 1500 levels.
- Future trend:
After a pullback in the future trend without breaking below the 1610 level, there was a continued upward trend, reaching the first target at 1660 and a high of 1668.
I. Bitcoin
Summary: After the price broke above the 26400 level in the short term, there was a pullback. If this support is not broken, there is still a chance for an upward trend. Pay attention to the resistance at 27500 and 28400 levels; if broken below, it will return to a downtrend, with support at 25780 and 25000 levels.
II. Ethereum
Summary: After the price broke above the 1620 level in the short term, there was a pullback. If this support is not broken, there is still a chance for an upward trend. Pay attention to the resistance at 1685 and 1742 levels; if broken below, it will return to a downtrend, with support at 1582 and 1530 levels.
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