The battle between bulls and bears is intense, and the market rhythm is gradually shifting towards a choppy consolidation. From a technical standpoint, short-term traders need to focus on the strength of bull defense at key support levels. Here’s an analysis of the core support and resistance levels for the current market:
📊 BTC: Tug-of-war around the psychological level of 80000
BTC is currently oscillating around the whole number range of 79000 to 80000. This week, bulls made attempts to push higher, but under the pressure of key moving averages on the daily chart, the overall control is temporarily dominated by bears.
Core resistance zone:
80000 - 80500: Short-term psychological whole number level. To reverse the downturn, bulls need to establish consecutive daily closes above this area.
82000 - 82230: The strong resistance zone of the 200-day moving average (200-day MA). This level has faced resistance five times this month; any rebound will first be seen as a broad consolidation until a volume breakout occurs.
Core support zone:
79000: This week’s dense trading area and the “bull line” that has repeatedly bounced back. If this level is breached, the short-term downside potential will open further.
76500 - 77000: The intersection of the daily ascending trend support line and previous breakout points, which is a higher-level buy defense zone.
📉 ETH: Weak consolidation after breaking moving averages
ETH’s performance is significantly weaker than the market, having broken below the dense area where the 50-day and 200-day moving averages intersect, currently in a state of following the market's sell-off.
Core resistance zone:
2280 - 2300: The dense area near the weekly opening price; bulls need to reclaim this zone to effectively stem the bleeding.
2335 - 2375: The dense intersection of the 50-day and 200-day moving averages. With the 200-day MA showing signs of a downturn, the technical pressure here is very strong.
Core support zone:
2210 - 2230: The short-term previous low on the 4-hour chart, also the last line of defense for bullish funds trying to resist intraday selling.
2150: The boundary of a strong liquidity vacuum zone deep on the daily chart; if 2210 breaks, the market is likely to retest this long-term support downwards.
💡 Trading Strategy:
Against the backdrop of rising U.S. Treasury yields and suppressed macro expectations, the market is unlikely to break upward in one go; it’s more probable to maintain a “pressure from moving averages above and support from funds below” grinding rhythm. In terms of operations, it’s advisable to stay cautious, watch more, and act less. #BTC☀ #ETH走势分析 $ETH
📊 BTC: Tug-of-war around the psychological level of 80000
BTC is currently oscillating around the whole number range of 79000 to 80000. This week, bulls made attempts to push higher, but under the pressure of key moving averages on the daily chart, the overall control is temporarily dominated by bears.
Core resistance zone:
80000 - 80500: Short-term psychological whole number level. To reverse the downturn, bulls need to establish consecutive daily closes above this area.
82000 - 82230: The strong resistance zone of the 200-day moving average (200-day MA). This level has faced resistance five times this month; any rebound will first be seen as a broad consolidation until a volume breakout occurs.
Core support zone:
79000: This week’s dense trading area and the “bull line” that has repeatedly bounced back. If this level is breached, the short-term downside potential will open further.
76500 - 77000: The intersection of the daily ascending trend support line and previous breakout points, which is a higher-level buy defense zone.
📉 ETH: Weak consolidation after breaking moving averages
ETH’s performance is significantly weaker than the market, having broken below the dense area where the 50-day and 200-day moving averages intersect, currently in a state of following the market's sell-off.
Core resistance zone:
2280 - 2300: The dense area near the weekly opening price; bulls need to reclaim this zone to effectively stem the bleeding.
2335 - 2375: The dense intersection of the 50-day and 200-day moving averages. With the 200-day MA showing signs of a downturn, the technical pressure here is very strong.
Core support zone:
2210 - 2230: The short-term previous low on the 4-hour chart, also the last line of defense for bullish funds trying to resist intraday selling.
2150: The boundary of a strong liquidity vacuum zone deep on the daily chart; if 2210 breaks, the market is likely to retest this long-term support downwards.
💡 Trading Strategy:
Against the backdrop of rising U.S. Treasury yields and suppressed macro expectations, the market is unlikely to break upward in one go; it’s more probable to maintain a “pressure from moving averages above and support from funds below” grinding rhythm. In terms of operations, it’s advisable to stay cautious, watch more, and act less. #BTC☀ #ETH走势分析 $ETH
