Click to view today's video analysis
BTC: Last night, due to the inflow of spot funds, Bitcoin rebounded to around 90,000, which is also just the right position to short. As long as the daily level cannot break through the 91,000 position, do not blindly chase long positions. With the high probability of Japan announcing an interest rate hike tomorrow, the short-term trend is still leaning towards a weak downward movement. The minor resistance above is in the 88,000-89,000 range, with minor support around 85,200. Strong support is near 83,800; once it is lost, the subsequent decline will expand.
ETH: Last night, it briefly faked a breakout at a minor central upper resistance level, then quickly dropped to a low of 2,788. The short-term trend is still bearish, as it remains in a downward channel. The key resistance above is around 2,940-2,960.
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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