Bitcoin will start to see quantitative support when it reaches the level of 8.8.

After a continuous decline in trading volume throughout the day, it has nearly reached its limit. Attention should now be focused on a rebound starting from 8.8, with subsequent resistance expected around the 90,000 mark.

The overall market trend has unexpectedly continued to break lower again today, and this further decline will lead to a temporary end to the short selling pressure, giving the bulls another chance to breathe.

Currently, the technical trend shows a rapid increase in short selling volume. If further declines stop this afternoon, it is expected that the trend will begin to warm up:
Support below: 2330-2300, this range can be used to look for short-term rebound opportunities.
Resistance above: 2450-2550, which is the previous upper range conversion point and also serves as resistance for subsequent rebounds.

This column focuses on sharing major mainstream cryptocurrencies BTC/ETH/EOS/XRP/ETC/LTC/DOGE. Follow the public account "Yanbi" to avoid getting lost and enjoy more service guidance.

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