2024.05.13 Monday
Can the strong bearish trend be changed after the weekend's rebound?
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① 21:00 Speech by Mester and Jefferson of the Federal Reserve
② 23:00 New York Fed's 1-year inflation expectations for April
- Daily Chart: After breaking below the 60,000 support level, the price returned above it. If the subsequent pullback does not break below this level, there is still a trend of continued upward movement.
- 1-hour Chart: After a short-term break below the 62,000 support level, there was a rebound. If the subsequent rebound does not break above this resistance, there is still a trend of continued downward movement.
II. Ethereum
- Daily Chart: After probing the 3,100 support level, the price maintained a range-bound movement. If the subsequent range-bound movement does not break below this support, there is still an upward trend.
- 1-hour Chart: After a short-term break below the 2,960 support level, there was a rebound. If the subsequent rebound does not break above this resistance, there is still a trend of continued downward movement.
I. Bitcoin
- Yesterday's Viewpoint:
Summary: After a short-term break below the 62,000 support level, there was a rebound. If the subsequent rebound does not break above this resistance, there is still a trend of continued downward movement. Support below is at 58,700 and 56,600; if it breaks above, it will initiate a rebound trend, with resistance above at 64,700 and 67,500.
- Subsequent Trend:
The subsequent trend remains range-bound below 62,000, reaching a high of 61,849.
II. Ethereum
- Yesterday's Viewpoint:
Summary: After a short-term break below the 2,960 support level, there was a rebound. If the subsequent rebound does not break above this resistance, there is still a trend of continued downward movement. Support below is at 2,800 and 2,680; if it breaks above, it will initiate a rebound trend, with resistance above at 3,050 and 3,190.
- Subsequent Trend:
The subsequent trend remains range-bound below 2,960, reaching a high of 2,954.
I. Bitcoin
Summary: After a short-term break below the 62,000 support level, there was a rebound. If the subsequent rebound does not break above this resistance, there is still a trend of continued downward movement. Support below is at 58,700 and 56,600; if it breaks above, it will initiate a rebound trend, with resistance above at 64,700 and 67,500.
II. Ethereum
Summary: After a short-term break below the 2,960 support level, there was a rebound. If the subsequent rebound does not break above this resistance, there is still a trend of continued downward movement. Support below is at 2,800 and 2,680; if it breaks above, it will initiate a rebound trend, with resistance above at 3,050 and 3,190.
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