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Today I took a video leave, aiming to make it up to everyone tomorrow~
Sharing my market outlook
ETH ETF has experienced net outflows for 11 consecutive days; the daily chart has broken below the M top neckline, but currently it is severely oversold and has a rebound demand, with clear trapped positions above 2180. The key support below is near the previous low at 2010; the 4-hour MACD shows divergence, indicating a short-term need for oscillation and upward correction. Resistance above: 2120-2180, key support below: 2050-2010;
BTC closed with a large bearish candle with increased volume yesterday, and the rebound from yesterday’s high near the neckline of the M top at around 78100 shows a decline, indicating serious trapped positions. The daily chart formed a hanging man pattern yesterday with increased volume, which is not a good sign. The resistance at yesterday’s high rebound is around 78100 (the trapped chip zone + top neckline), still a heavy pressure zone. Only a breakout can signal a reversal; today it shows a doji pattern. If it continues to fall, the support around 74200 (the previous low) is a critical defense level. Holding this level may lead to continued oscillation.