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4.7 Market Analysis: Bitcoin Plummets Suddenly in the Early Morning, with Two More Bottom Tests This Week

CN
丁君羡
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1 year ago
AI summarizes in 5 seconds.

Click to view today's video analysis

  BTC: The daily level closed with a medium bearish candle, directly breaking below the key support trend line at 81500. Last week, we were still discussing Bitcoin as digital gold with strong resistance to declines, but the impact of tariffs has reflected in the market this week. In the short term, there is a clear bearish trend, and chasing shorts at this position is obviously not suitable. There may be a small-level rebound under pressure, with significant resistance around 80500 and small-level support between 83500-85000.

ETH: The downtrend is quite evident. If it cannot stabilize above 1670 in the short term, it is highly likely to test the small support around 1480-1500 in the future.

For more explanations, please patiently watch the video. If you have any questions, you can follow the public account: Ding Junxian.

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Selected Articles by 丁君羡

3 months ago
12.23 Market Analysis: Bitcoin's failure to break through ninety thousand - is it accumulation or distribution?
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12.19 Market Analysis: Mild Interest Rate Hike Has Been Implemented, Bitcoin's Negative Factors Have Been Exhausted, Which Is Positive
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12.18 Market Analysis: Bitcoin's Extreme Inducement to Long Positions and Waiting for CPI to Arrive
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