Bitcoin, Ethereum weekend market analysis

After a continuous rise in Bitcoin, a significant correction has finally occurred. Bitcoin has currently fallen below the 30-day moving average, so the trend is still bearish. It is currently in a rebound, but the strength of the rebound is not strong. Today's rebound for Bitcoin is looking at the upper range of 114,000 to 116,000. The support level is around 112,000 to 110,000. The 112,000 level is an important support, as this position is the exchange point of support and resistance. Looking back at Bitcoin's long-term cycle, after an increase at the daily level, it usually pulls back to the top of the previous wave before continuing to rise. Therefore, Bitcoin is now also pulling back to around 120,000, which is the top of the previous rise. So this position is worth betting on a long position, rather than going short. This is the most basic signal on the market.
The history of Ether is always remarkably similar. Switching to the daily candlestick level, the 4000 mark is hard to break through; it goes up but can't rise any further, then drops again. The same is true for this wave, peaking around 3950, close to 4000, but still can't break through, and then drops again. Last night, it hit a low around 3350, a drop of 600 points.
Ether is rebounding today, looking at the upper resistance around 3470 to 3535, with support in the lower range of 3350 to 3370.
For those holding long positions at the bottom, remember to protect your capital. The rest is up to time! #美联储维持利率不变#