Let's take another look at the market trend
Last night, the market sentiment changed abruptly, influenced by the drop in the US market, leading to a sharp decline in Bitcoin, with the lower point touching the 85140 line. Currently, it is weakly consolidating below 86000, and the short-term bearish main trend remains unchanged. The recent pullback adjustment indicates strong pressure above, and the momentum is gradually weakening, further reinforcing the short-term bearish trend.
Ethereum's current trend is highly synchronized with Bitcoin, but the volatility is relatively larger. Yesterday, it started bouncing from the low point of 3024, reaching a high of 3170, and then quickly retraced due to the influence of the US market's drop, with the lower point falling to around 2890, currently oscillating near 2920. There is a short-term demand for correction, and if the support below is effective, there is hope for a small bounce again.
Currently, Bitcoin's pressure has shifted down to the 90000 line, with strong support at the 80000 line; Ethereum's pressure is at the 3200 line, with support at the 2800 line.
$BTC
$ETH
Last night, the market sentiment changed abruptly, influenced by the drop in the US market, leading to a sharp decline in Bitcoin, with the lower point touching the 85140 line. Currently, it is weakly consolidating below 86000, and the short-term bearish main trend remains unchanged. The recent pullback adjustment indicates strong pressure above, and the momentum is gradually weakening, further reinforcing the short-term bearish trend.
Ethereum's current trend is highly synchronized with Bitcoin, but the volatility is relatively larger. Yesterday, it started bouncing from the low point of 3024, reaching a high of 3170, and then quickly retraced due to the influence of the US market's drop, with the lower point falling to around 2890, currently oscillating near 2920. There is a short-term demand for correction, and if the support below is effective, there is hope for a small bounce again.
Currently, Bitcoin's pressure has shifted down to the 90000 line, with strong support at the 80000 line; Ethereum's pressure is at the 3200 line, with support at the 2800 line.
$BTC
$ETH