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Afternoon Market Outlook
The current market is just a slight rebound after a decline, the overall trend is still bearish, and this rebound does not count as a trend reversal.
Bitcoin
First look at resistance at 77,900-78,200, with stronger suppression at 79,000
Key support is at the previous low of 76,000; if this level breaks, the price will continue downward to 75,000-73,800
Ethereum
The price is temporarily above the short-term moving average, also just a weak rebound after a sharp decline
Short-term resistance is at 2,145-2,180, with greater resistance above 2,200
Critical support is at 2,076; once broken, the downtrend will extend, targeting 2,000-1,920
Remember not to blindly chase the rally during rebounds; when encountering resistance levels, take short positions accordingly
If support levels hold firmly, you can take small long positions for short-term trading; if support is broken, exit immediately to manage risk
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