Bitcoin, Ethereum recent trend analysis

In this wave of decline, it caught everyone off guard, and there was no time for stop-loss, and some even broke through... the total liquidation was nearly 1.8 billion! Every time there is such a large drop, the square is filled with wails, attributing the losses entirely to the market makers, without reviewing or reflecting, and just endlessly talking about this and that, which is truly meaningless. Think from another perspective, if you accumulated your chips at a low point, would you sell at a high point? Would you try every possible way to lower the average price of your holdings? Clearly, you would, without hesitation. When your spot holdings rise by 10%, you can't wait to sell them off, right? So, don’t waste time on meaningless things.

Back to the market. Bitcoin is currently in a bottom consolidation after a wave of decline, with relatively small fluctuations. At this time, there is no need for us to enter the market. Let's wait for it to move a bit more, and if it makes a few more K-lines, wouldn't you be more confident? The key position for Bitcoin is around 114700, which was mentioned in previous articles as the bottom of the consolidation. If it breaks below, we can try to go short, which is right-side trading. After breaking below 114700, the rebound is just right at around 114700. Currently, Bitcoin's consolidation range is between 113300 and 111500. Trades should also be made around these two positions. If it continues to be unable to break through 114700, short positions can still be arranged. The resistance for Bitcoin today is seen at 113300 and 114700.
The support below is around 111500 and 110500.

Ether is the same, leading a group of altcoins into a significant correction, with Ether's correction nearing 500 points, while other altcoins are experiencing corrections of 10 to 20 points. Currently, Ether's fluctuation range is between 4220 and 4120, and trading should still be focused around these two positions.
Ether faces resistance today at 4230, 4250, 4350.
The support below is seen around 4120 to 4060.

At any time, if you manage your stop loss well and manage your position well, then your funds can withstand it! #加密市场回调