BTC Market Analysis: The daily-level price has broken all rebound trend lines, forming a clear downward channel; short-term resistance at 62670, the medium-term downside target is near the support level of 50865, with short-term bearish trend fully dominant.


​62670 is the bull-bear dividing line. As long as the rebound cannot firmly hold this level, all rebounds are bearish corrections, and it will continue to test 50865. Only with a breakout and firm hold above 62670 on volume will the downtrend structure ease temporarily.

Short-term Resistance: 62670 63900-64200

Support: 56000, 50865 (medium-term downside target)

ETH Market Analysis: The 1-hour level shows a complete downward channel, with multiple resistances above: 1634-1652, 1681-1693, 1720; support below: 1600-1550. Once broken, the downside space opens, and the trend continues to weaken. 1634-1652 is the first short-term resistance. Rebounding to the 1652-1681 range under pressure will continue the decline. Holding 1600 only allows for minor fluctuations; breaking 1600 again will head straight to the previous low of 1503.

Intraday Short-term Trading Suggestions: BTC rebounding to the 62100-62600 range, go short, stop loss at 63200, target the 59800-59000 area, if broken see around 57550, if not broken go long.

ETH Trading Suggestions: Rebounding to 1634-1652 area, go short, stop loss at 1683, target near 1600-1575, if broken see around 1550-1520, if not broken go long. (Strategy for reference only) #BTC #ETH
BTC-2.72%
ETH-2.44%
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