Rebound Continues, Is There Still Hope for the Bears?
① 20:30 US August Non-Seasonally Adjusted CPI YoY
② 20:30 US August Non-Seasonally Adjusted Core CPI YoY
Bitcoin
- Daily Chart: The price has broken below the trend line and is testing the support at the 25000 level. Pay attention to the test results in the future.
- 1-hour Chart: After a short-term rebound testing the 26400 level, there has been a slight pullback. If it does not break above this level, it will initiate another downtrend.
Ethereum
- Daily Chart: The price has already broken below the trend line and the 1630 level. Pay attention to the results of the rebound test in the future.
- 1-hour Chart: After a short-term rebound testing the 1620 level, there has been a slight pullback. If it does not break above this level, it will initiate another downtrend.
Bitcoin
- Yesterday's Viewpoint:
Summary: After the price broke below the 25240 level, it maintained a narrow range oscillation in the short term. If it breaks above this level, it will initiate a rebound trend. Pay attention to the resistance levels at 25600 and 26150; if there is no resistance, it will continue the downtrend, with support levels at 24600 and 24050.
- Future Trend:
After breaking above the 25240 level, the price continued to rise and successfully reached the second target at 26150, reaching as high as 26580.
Ethereum
- Yesterday's Viewpoint:
Summary: After the price broke below the 1565 level, there was a rebound. If the rebound breaks above this resistance, it will initiate a rebound trend. Pay attention to the resistance levels at 1600 and 1680; if there is no resistance, it will continue the downtrend, with support levels at 1500 and 1445.
- Future Trend:
After breaking above the 1565 level, the price continued to rise and successfully reached the first target at 1600, reaching as high as 1626.
Bitcoin
Summary: After a short-term rebound testing the 26400 level, there has been a slight pullback. If it does not break above this level, it will initiate another downtrend, with support levels at 25500 and 24900; if it breaks above this level, it will continue the rebound trend, with resistance levels at 26850 and 27670.
Ethereum
Summary: After a short-term rebound testing the 1620 level, there has been a slight pullback. If it does not break above this level, it will initiate another downtrend, with support levels at 1550 and 1500; if it breaks above this level, it will continue the rebound trend, with resistance levels at 1660 and 1695.
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