2024.06.08 Saturday
Overnight plunge strikes, has the bear market been established?
JPMorgan Chase postpones the expectation of the first rate cut by the Fed to November
Extra: Another postponement, have they found the reason for the big drop again?
US Bitcoin ETF funds have been flowing in for 18 consecutive days, and the options market is betting on a new high for Bitcoin this month
Extra: Expectations are the same as ours, but was last night's drop also frightening?
I. Bitcoin
- Daily chart: After testing the 60,000 support level, the price has maintained above it and is oscillating. If the subsequent pullback does not break this level, it is still in an upward trend.
- 1-hour chart: After a short-term breakthrough above the 67,000 level, there has been some retracement. If the subsequent pullback does not break this support, there is still a trend of continued upward movement.
II. Ethereum
Daily chart: After oscillating and testing the 3,100 level, the price has risen again. If the subsequent pullback does not break this key level, it is still in an upward trend.
- 1-hour chart: After a short-term breakthrough above the 3,600 level, there has been a retracement. If the subsequent test does not break this support, there is still a trend of continued upward movement.
I. Bitcoin
- Yesterday's view:
Summary: After a short-term breakthrough above the 70,000 level, the price continued to rise. If the subsequent pullback does not break this support, there is still a trend of continued upward movement. Resistance above is at 74,000 and 76,600; if broken, it will initiate a retracement, with support below at 67,000 and 64,500.
- Subsequent trend:
After breaking below the 70,000 level, there was a sharp decline, reaching a low of 68,405.
II. Ethereum
- Yesterday's view:
Summary: After a short-term breakthrough above the 3,750 level, there was some adjustment. If the subsequent pullback does not break this support, there is still a trend of continued upward movement. Resistance above is at 3,980 and 4,140; if broken, it will initiate a retracement, with support below at 3,600 and 3,450.
- Subsequent trend:
After breaking below the 3,750 level, there was a continued decline, reaching a low of 3,555.
I. Bitcoin
Summary: After a short-term breakthrough above the 67,000 level, there has been some retracement. If the subsequent pullback does not break this support, there is still a trend of continued upward movement. Resistance above is at 72,100 and 75,000; if broken, it will initiate a retracement, with support below at 64,400 and 62,000.
II. Ethereum
Summary: After a short-term breakthrough above the 3,600 level, there has been a subsequent retracement. If the subsequent test does not break this support, there is still a trend of continued upward movement. Resistance above is at 3,830 and 3,990; if broken, it will initiate a retracement, with support below at 3,450 and 3,300.
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