Good evening, the market is again experiencing a day of sideways consolidation.


Here's a brief technical analysis of Bitcoin: the last dip to 59,100 precisely tested the upward trend support line from 15,000 to 25,000.
Over time, this support has been raised to 59,100.
If the price breaks below this level, the decline will accelerate, testing lower support around 49,000.
In the short term, the current hourly triangle consolidation has formed with an upper point at 64,750 and a lower point at 59,100.
The current trend resistance has decreased to 64,000, and trend support has been raised to around 61,100!
This means that once the short-term consolidation ends, watch this 61,100.
Breaking below it would continue the downward trend, while not breaking and continuing sideways.
For Bitcoin short positions, the defensive level is suggested at 64,500.
The last two times it touched 64,200, and the triangle resistance is also at 64,000.
Setting the stop too tight could easily get swept out.
Ethereum's support is at 1,738!
Prepare well and wait for the dip~
BTC1.53%
ETH0.95%
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