Bitcoin's trading volume has increased, and it is now entering the final stage of waiting for an uptrend after a pullback. Intraday, we can first look for a short-term rebound and gradually move upwards!
The market for Bitcoin has also experienced a short-term pullback and decline intraday, breaking below the 27,000 level at one point. Currently, the daily chart is oscillating gradually around the MA30 support at the bottom, and the short-term market is also in the process of gradually forming a bottom. The daily chart indicators have also retraced to the lower levels, indicating that the pullback has reached the bottom support. The recent daily volume has been completed, and the current four-hour trend is in a state of upward volume at the lower levels. Intraday, we can expect a rebound, with the 27,000 level as the initial target for the rebound. The resistance above is around 27,600. It is important to maintain the current oscillation range and break through the upper resistance to continue the upward trend!
The market for Ethereum is similar, with the current trend continuing to retrace. It has now reached the support near 1550, which has been a previous level of support after multiple retracements and oscillations. The lower shadow in the daily trend chart is still quite obvious, indicating signs of forming a bottom in the short term. The pullback has already entered its final stage, and the indicator is in a state of upward movement at the lower levels. Therefore, for the intraday market, we can expect a rebound, with the resistance above at 1610-1600. If the resistance cannot be broken, it is advisable to maintain a range of high short positions and low long positions. If the resistance is broken, we can continue to look upwards!
(Due to the impact of timeliness, the article is recommended for reference only.)
Real-time suggestions are subject to change!
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