After the high-level oscillation, is the bull market coming to an end?
① The Federal Reserve announces interest rate decisions and economic outlook summaries at 02:00 the next day
② Federal Reserve Chairman Powell holds a monetary policy press conference at 02:30 the next day
I. Bitcoin
- Daily chart: The price has broken below the trend line and is testing the support at 25,000. Pay attention to the test results in the future.
- 1-hour chart: After breaking above the 26,600 level in the short term, there has been a slight pullback. If this support is not broken, there is still a possibility of continued upward trend.
II. Ethereum
- Daily chart: The price has already broken below the trend line and the 1,630 level. Pay attention to the results of the rebound test in the future.
- 1-hour chart: After breaking above the 1,625 level in the short term, there has been a slight pullback. If this support is not broken, there is still a possibility of continued upward trend.
I. Bitcoin
- Yesterday's view:
Summary: After the price broke above the 26,400 level in the short term, there was a slight pullback. If this support is not broken, there is still a possibility of continued upward trend. Pay attention to the resistance at 27,500 and 28,400; if broken, it will return to a downtrend, with support at 25,780 and 25,000.
- Future trend:
After a pullback without breaking the 26,400 level, the trend oscillated upward, reaching a high of around 27,480, close to the first target of 27,500.
II. Ethereum
- Yesterday's view:
Summary: After the price broke above the 1,620 level in the short term, there was a slight pullback. If this support is not broken, there is still a possibility of continued upward trend. Pay attention to the resistance at 1,685 and 1,742; if broken, it will return to a downtrend, with support at 1,582 and 1,530.
Future trend:
After a pullback without breaking the 1,620 level, the trend continued to rise, reaching a high of around 1,660.
I. Bitcoin
Summary: After the price broke above the 26,600 level in the short term, there was a slight pullback. If this support is not broken, there is still a possibility of continued upward trend. Pay attention to the resistance at 28,030 and 28,400; if broken, it will return to a downtrend, with support at 25,780 and 25,000.
II. Ethereum
Summary: After the price broke above the 1,625 level in the short term, there was a slight pullback. If this support is not broken, there is still a possibility of continued upward trend. Pay attention to the resistance at 1,685 and 1,742; if broken, it will return to a downtrend, with support at 1,582 and 1,530.
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