Bitcoin makes small downward steps, and the non-farm payrolls rally, which was initially bullish, is now accelerating downward, forming an independent trend. Currently, the bulls have weak control over the market, with recent support levels at 67,500; the daily chart shows a top-diverging pattern, confirming a false breakout. Once again, it is under the pressure of the daily moving averages and moving downward. The larger trend direction remains unchanged, and the bears continue to attack.


Support levels: 67,500, 66,400
Resistance levels: 70,000, 71,600
Ethereum continues to form a channel pattern, with bulls eager to attack but lacking strength. Upward attempts are immediately pushed down, lacking sustainability. When the price breaks above the moving averages, it is immediately hammered down. Currently, the 4th bullish candle has been engulfed, and the trend has returned to a consolidation zone. The daily Bollinger Bands are narrowing, and the market is oscillating between 1,840 and 2,120.
Support levels: 1,950, 1,925
Resistance levels: 2,040, 2,080
BTC-4.12%
ETH-4.91%
View Original
[The user has shared his/her trading data. Go to the App to view more.]
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin