The Bitcoin downtrend line has been broken, and it has regained the MA120. Next, we will focus on its rebound height, which is currently at the M-head bottom between 112000 and 112700. Whether it can return to the upper part of the range, the upper pressure MA60 is at 115300 and 117400.
Ethereum's price hasn't changed much, remaining in a short-term consolidation here. The 4-hour descending wedge has broken, and we will pay attention to its rebound height around 4665.
Gold has reached a new historical high of 3561, with the current price around 3550. Breaking the historical high will lead to new highs. The ETH/BTC exchange rate has exited the descending channel, and we will monitor its breakout situation.
Bitcoin
Bitcoin has spiked to 112470 and has regained the MA120. Although there is significant pressure above, we will still look at the rebound height for this move, especially since the subsequent pullback cannot fall below 120 again.
The daily MACD histogram is continuously shrinking, and there was a slight increase in volume yesterday, but it is still not large enough. The 4-hour downtrend line has been broken, and in the short term, we can only continue to look for a rebound, but we cannot fall back below the trend line later.
Support: 107000 to 110000
Resistance: 113500 to 115300 to 117500
Ethereum
Ethereum continues to oscillate at a high level, having broken below the MA20 and is now testing this line's pressure again. There is a short-term descending wedge that shows signs of a temporary breakout, so we will focus on this rebound.
After the ETH/BTC exchange rate has exited the descending channel, we will look to catch the rebound based on the bottom of the descending channel. For now, we will see if it can stay above the MA20. Among altcoins, SOL is performing strongly, with the SOL/ETH exchange rate breaking the downtrend line, indicating stronger future performance.
Support: 4060 to 4200
Resistance: 4665 to 4956
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The article is time-sensitive and for reference only, updated in real-time.
Focusing on K-line technical research, sharing global investment opportunities. Official account: BTC Trading Prince Fusu
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