$BTC $ETH
Weekly level: Some mainstream assets' weekly RSI has been in the oversold zone for three consecutive weeks, and the price has not made a new low, forming a potential bottom divergence structure. Historically, after similar situations occur, there is about a 60% probability of a rebound of over 15% within 8 weeks. It is necessary to observe whether trading volume can moderately increase to confirm. Continue to pay attention to the fundamental situation.
Daily level: Overall, the price fluctuation range is still within the daily box.
4-hour level: The cryptocurrency price is currently undergoing narrow fluctuations around the 88000 area, showing characteristics of range compression. The short-term moving averages are basically flat, suggesting that the market may continue to exhibit a sideways pattern in the short term. The short-term suggestion for intraday trading is to focus on short positions during rebounds.
Upper pressure: 90500-91500
Lower support: 87000-86000