Have a nice weekend.


The price of Bitcoin plummeted significantly from Friday to Saturday, and the market has once again entered a period of stagnation. Retail investors are in a state of panic, feeling utterly devastated; this is truly a nightmare for everyone. I wonder how many people can escape unscathed in such a market.
The emotions are now slightly stable, and there should not be any significant one-sided movements. After a quick rebound following a downward spike in the four-hour rhythm candlestick, the bottom can refer to the previous low point of 109000 as support. If it falls back to this position later, it can be used as a reference for a bullish outlook. Additionally, the MACD indicator shows a decrease in bearish volume, and the fast and slow lines are about to golden cross upwards, indicating a rebound signal. Therefore, we can look for a bullish trend if it falls back.

Reference points can be around the range of 109200-108800, looking bullish in batches, with the target around 113000. #BTC #ETH
ETH2.78%
BTC1.39%
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