橙子研究院
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#大盘走势
The recent trend of Bitcoin is very tense, repeatedly drawing doors in a small range, with a challenge in operation, and the market sentiment is cold, consistent with our previous judgment of a high probability of continued weakness.
Currently, Bitcoin is operating within an ascending wedge, a formation that generally indicates a continuation of the downtrend, and it is difficult to escape the fate of breaking below and continuing downward. At the time of writing this article, Bitcoin has already broken below the lower edge of the wedge at 88000, exhibiting a breakout trend. The first position worth paying attention to in Bitcoin's trend is the previous low in the 80000-82000 range, where there is a high probability of decent support. It is acceptable if this position does not create a new low or briefly breaks a new low but recovers, as it can form a double bottom, allowing for a relatively large rebound space. If it breaks directly here or the rebound strength is very weak, then caution is warranted. The next significant rebound for Bitcoin should wait for an opportunity near 74000, which is a larger range; 70000-74000 is within a reasonable scope, and even a brief dip to 69000 is permitted. The reason is simple: 69000 is the previous high, and 74000 is an important support level after breaking the previous high. These two positions are crucial bullish defense levels, and the area between them will be the core position for this round of stop-loss rebounds!
Ethereum follows a similar logic; in the context of Bitcoin's weakness, it is unlikely to exhibit an independent trend. The short-term support is at 2850, but the more important level to watch is around the previous low at 2623, with core support around 2300! From an external environment perspective, the interest rate hikes in Japan are a key time point we must pay close attention to. Each time Japan raises interest rates, the impact on the crypto market is no less than 20%, and this time is expected to be no different. It is essential to prepare psychologically and wait for the storm to come!
$BTC
The recent trend of Bitcoin is very tense, repeatedly drawing doors in a small range, with a challenge in operation, and the market sentiment is cold, consistent with our previous judgment of a high probability of continued weakness.
Currently, Bitcoin is operating within an ascending wedge, a formation that generally indicates a continuation of the downtrend, and it is difficult to escape the fate of breaking below and continuing downward. At the time of writing this article, Bitcoin has already broken below the lower edge of the wedge at 88000, exhibiting a breakout trend. The first position worth paying attention to in Bitcoin's trend is the previous low in the 80000-82000 range, where there is a high probability of decent support. It is acceptable if this position does not create a new low or briefly breaks a new low but recovers, as it can form a double bottom, allowing for a relatively large rebound space. If it breaks directly here or the rebound strength is very weak, then caution is warranted. The next significant rebound for Bitcoin should wait for an opportunity near 74000, which is a larger range; 70000-74000 is within a reasonable scope, and even a brief dip to 69000 is permitted. The reason is simple: 69000 is the previous high, and 74000 is an important support level after breaking the previous high. These two positions are crucial bullish defense levels, and the area between them will be the core position for this round of stop-loss rebounds!
Ethereum follows a similar logic; in the context of Bitcoin's weakness, it is unlikely to exhibit an independent trend. The short-term support is at 2850, but the more important level to watch is around the previous low at 2623, with core support around 2300! From an external environment perspective, the interest rate hikes in Japan are a key time point we must pay close attention to. Each time Japan raises interest rates, the impact on the crypto market is no less than 20%, and this time is expected to be no different. It is essential to prepare psychologically and wait for the storm to come!
$BTC
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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