Analysis of Bitcoin and Ethereum trends in the early morning:
As the deduction during the day said, the 1-hour closing line of the big cake stood above 63500 and the small-level correction was completed and began to rise. It rose to 64267 at night and then began to fall. At present, the big cake is still fluctuating in the long sideways zone in the 4-hour period. At night, it will fall back to 63455. If it falls below, it will start to fall back in the 4-hour period. Pay attention to the support below 62400. Once it falls below this position, this wave of daily rebound will end and enter the short side. The support below is around 61730-61000-60560.
As long as the small-level correction does not fall below the two support levels of 63455 or 62400, the daily line is still rebounding. The small level may fall back and go up. The upper side is still around the pressure levels of 64550-65220-65800. #BTC
Ether pushed the market in the daytime and closed above 3115 for one hour, and then the small-level correction was completed and it began to rise. It reached 3171 at night and then began to fall. Currently, Ethereum fluctuates widely in the 4-hour period. Only when the 4-hour level stabilizes above 3115 will it start to rise and drive the daily level rebound. The upper target/pressure level is around 3165-3205-3240.
If the 1-hour level falls below 3115, the 4-hour level will continue to fluctuate widely in the sideways zone, and the lower support level should pay attention to the positions around 3084-3044-2976. #ETH