Hello everyone, after going around we have arrived at this time on Monday, the Bitcoin market is still oscillating around 70000. Last week we saw an accelerated breakdown, and ultimately the market attempted to test the strongest resistance level last week. After testing the Bitcoin resistance level, it has now dropped, with a decline of 3000 points since the high. We should pay special attention to the strong resistance. If there is no second upward push in the short term, the market will accelerate downward to test 65000!
From a technical perspective, the strongest trend resistance level for Bitcoin has decreased to around 72500, while the original support level has been raised to around 69000.
Near, the short-term accelerated decline position is 69000!
From the technical perspective of Ethereum, after the last surge breaking the strongest resistance line at 2250, it short-term rallied to around 2320 and then fell back below 2250. The market is still dominated by Bitcoin; if Bitcoin doesn’t break down, Ethereum will follow suit. So if it breaks, there’s no major issue. The support line has already been raised to around 1945, and the short-term upward trend support is near 2130. If it breaks below, aim directly for 1945!
