After the late-night surge, is the bull market opening again?
① 21:00 Federal Reserve Director Wall's speech on the US economy
② 23:45 Federal Reserve Director Ball's fireside chat
- Daily chart: After the price broke below the 60,000 support level, it maintained oscillation above it. If there is no break below this level in the later period, there is still a trend of continued rise.
- 1-hour chart: After a short-term breakthrough above the 67,400 support level, it continued to rise. If there is no break below this support in the later period, there is still a trend of continued rise.
II. Ethereum
- Daily chart: After oscillating and testing the 3,100 support level, the price rose again. If there is no break below this key level in the later period, it indicates an upward trend.
- 1-hour chart: After a short-term breakthrough above the 3,400 support level, it continued to rise. If there is no break below this support in the later period, there is still a trend of continued rise.
I. Bitcoin
- Yesterday's view:
Summary: After a short-term breakthrough above the 65,000 support level, there was a slight pullback. If there is no break below this support in the later period, there is still a trend of continued rise. The upper resistance is focused on the 69,200 and 71,800 levels; if there is a break below, it will initiate a pullback trend, and the lower support is focused on the 62,000 and 59,700 levels.
2. Later trend:
After the pullback did not break below the 65,000 level, there was a significant rise and successfully reached the first target of 69,200, with a minimum reaching 71,207, approaching the second target of 71,800.
II. Ethereum
- Yesterday's view:
Summary: After a short-term breakthrough above the 3,040 support level, there was a slight pullback. If the pullback does not break below this support in the later period, there is still a trend of continued rise. The upper resistance is focused on the 3,220 and 3,340 levels; if there is a break below, it will initiate a pullback trend, and the lower support is focused on the 2,930 and 2,815 levels.
- Later trend:
After the pullback did not break below the 3,040 level, there was a significant rise and successively reached the first target of 3,220, as well as the second target of 3,340, with a maximum reaching 3,698.
I. Bitcoin
Summary: After a short-term breakthrough above the 67,400 support level, it continued to rise. If there is no break below this support in the later period, there is still a trend of continued rise. The upper resistance is focused on the 73,800 and 76,700 levels; if there is a break below, it will initiate a pullback trend, and the lower support is focused on the 64,600 and 62,500 levels.
II. Ethereum
Summary: After a short-term breakthrough above the 3,400 support level, it continued to rise. If there is no break below this support in the later period, there is still a trend of continued rise. The upper resistance is focused on the 3,830 and 3,985 levels; if there is a break below, it will initiate a pullback trend, and the lower support is focused on the 3,285 and 3,150 levels.
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