Fuxi Community Live: The rise is not over yet, a major adjustment will bring a real breakthrough!

Click on the link to enter the meeting: https://meeting.tencent.com/p/9309732027 At the daily level, Bitcoin has successfully reached the 20 day moving average (EMA, approximately $69442) and 50 day EMA (approximately $69000), indicating a positive turning signal in the short-term trend. On the 20th, the EMA has started to rise, which is considered a classic signal in technical analysis that short-term momentum has turned bullish. However, the price is still far below the 200 day moving average (around $88492), indicating that the long-term trend is still under downward pressure. In terms of resistance above Bitcoin, $71650 is the upper limit of the hourly chart flag, forming the first short-term resistance; $72160 is the 50 day EMA level and a significant resistance in the medium term; $73815 is a strong resistance at the daily level, and a breakthrough will trigger trend confirmation; The range of $75000 to $76000 is the extended target range after breaking through. In terms of support below, $70300 is the 50% Fibonacci retracement level on the hourly chart, forming a short-term defense line; $70000 is the core psychological barrier, and losing it will test the confidence of bulls; $69033 is the dynamic support of the middle Bollinger Bands; 68669 US dollars is the support of the middle Bollinger Bands; 64996 US dollars is the lower bound of the Bollinger Bands, the target area for extreme pullbacks. From a daily perspective, Ethereum has been sideways consolidating in the narrow range of $2000 to $2200 for quite some time. The current price has reached the 20 day EMA (about $2110) and 50 day EMA (about $2152), and the short-term technical structure has warmed up, but there is still no conclusive signal of a breakthrough in the overall trend. At the hourly level, Ethereum forms a downward channel pattern, with upper resistance at $2220 and lower support in the $2165 to $2120 range. In terms of resistance above Ethereum, $2200 is a psychological barrier and the focus of recent long short competition; $2220 is the upper limit of the hourly chart's downward channel, constituting a short-term key resistance; 2400.73 US dollars is the next resistance level on the technical side; $2624.07 is the mid-term resistance target. In terms of support below, $2165 is the 50% Fibonacci retracement level on the hourly chart, providing short-term support; $2120 is the core key support, and a drop below it will confirm a downward trend; 2080 US dollars is the next target after falling below 2120; $1750 to $1800 is the lower support range in extreme cases. Tencent Meeting Number: 930 973 2027 Join the Fuxi Community and enjoy a variety of service offerings 1. Daily morning market analysis to confirm the direction of intraday trading. 2. Join the member group to enjoy live streaming with orders in the evening; Fixed weekly technical course content. 3. Answer market and order evasion questions at any time within the group, and develop solutions to resolve them. 4. "Price Behavior Trading", "Breakthrough ABC Trading Law", "Four Line Battle Method" 5. Combining candlesticks with indicators for multi period resonant trading. Disclaimer: The above content only represents the author's personal opinion and is intended to assist investors in understanding information related to the capital market. It does not constitute any investment advice and does not represent the position or viewpoint of AiCoin. The market is risky and investments should be made with caution.