Yesterday Monday night, when the US stock market opened, it kept BTC alive.
Right now, both BTC and ETH are being supported by the 8-hour lower band.
These past two days, the market seems to be gearing up for a reversal. Yesterday’s rebound at 62300 didn’t break through and confirm a push wave. Instead, it looks like it found a bearish wave and hit the stop-loss/ending point for the decline at 66900.
At the moment, I’m watching 64050 on the 4-hour chart. If it closes below and holds, then all short positions should be withdrawn. Before any breakout, it’s still possible to expect it to fall further—breaking the low point, then adjusting down toward 61555–60088 to form a bottom successfully and continue the uptrend 📈
On timing, if the move is delayed, you can also watch the 6th and the 10th as key nodes.
For ETH in sync, watch 1749–1688 to form the bottom. The exchange rate also needs consolidation: $BTC
Right now, both BTC and ETH are being supported by the 8-hour lower band.
These past two days, the market seems to be gearing up for a reversal. Yesterday’s rebound at 62300 didn’t break through and confirm a push wave. Instead, it looks like it found a bearish wave and hit the stop-loss/ending point for the decline at 66900.
At the moment, I’m watching 64050 on the 4-hour chart. If it closes below and holds, then all short positions should be withdrawn. Before any breakout, it’s still possible to expect it to fall further—breaking the low point, then adjusting down toward 61555–60088 to form a bottom successfully and continue the uptrend 📈
On timing, if the move is delayed, you can also watch the 6th and the 10th as key nodes.
For ETH in sync, watch 1749–1688 to form the bottom. The exchange rate also needs consolidation: $BTC