#市场走势 Whoa, BTC has broken 90,000?! The trading volume is still weak, this is a typical fake rally😅 Short-term rebounds can be followed, but don’t be fooled, the long-term bearish pattern remains unchanged. The weekly chart is still consolidating, waiting for increased volume before risking a buy-in.
ETH is even worse, consolidating along with ETH2.0. Although the daily chart has returned to a healthy range, there’s no enthusiasm. If 3070-3100 doesn’t hold, a breakdown is imminent. Altcoins are now extremely illiquid. Instead of catching a falling knife, it’s better to wait. Anyway, there’s no FOMO point in this wave.
This afternoon, focus on the intraday support levels. BTC 90,000-90,500 is the bottom line; if broken, exit immediately. Resistance is at 92,000-92,500, but with such low volume, it’s unlikely to push higher. Better to stay on the sidelines🍺
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#市场走势 Whoa, BTC has broken 90,000?! The trading volume is still weak, this is a typical fake rally😅 Short-term rebounds can be followed, but don’t be fooled, the long-term bearish pattern remains unchanged. The weekly chart is still consolidating, waiting for increased volume before risking a buy-in.
ETH is even worse, consolidating along with ETH2.0. Although the daily chart has returned to a healthy range, there’s no enthusiasm. If 3070-3100 doesn’t hold, a breakdown is imminent. Altcoins are now extremely illiquid. Instead of catching a falling knife, it’s better to wait. Anyway, there’s no FOMO point in this wave.
This afternoon, focus on the intraday support levels. BTC 90,000-90,500 is the bottom line; if broken, exit immediately. Resistance is at 92,000-92,500, but with such low volume, it’s unlikely to push higher. Better to stay on the sidelines🍺