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- Hey Square fam! How many Alpha points have you racked up lately?
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Dare to trade. Dare to win.
Let's follow the market trend again.
After a sharp drop on Wednesday, the market reached a low of 105100 and then stopped falling. Although the rebound is not strong, it shows that the bears are gradually reducing their positions. There is a clear downward pressure on the daily chart, indicating a weak short-term trend. On the hourly chart, the decline is significant, and there will be a corrective rebound in the short term, with an overall weak momentum.
Currently, the resistance for Bitcoin is at 108,000, with short-term support at the 105,000 level; Ethereum has resistance at 2,600, with support at the 2,300 level.