Morning Thoughts


The price has broken below the triangle consolidation zone. If the rebound cannot stabilize above 2232, the downtrend will continue. Only by returning to 2232 and re-entering the triangle zone will the downward trend halt and reverse upward. The upper targets are 2273 and the previous high of 2329. Key support:
Currently, 2200 is the last line of defense for the bulls. The 2180 support has been tested successfully. If it is lost later, the next support is at 2158. If this level is broken, the hourly decline will further expand.
Trading Suggestions
Buy near 70,000 for Bitcoin, target around 71,700
Buy near 2170 for ETH, target around 2240
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