It's that time of the week again—the most critical day of the week. Is the market facing a major test on Friday? Are you prepared?


During these days in Hong Kong, the market has shown little change, with Bitcoin mainly oscillating at high levels. Overall, Bitcoin is somewhat bullish; it even hit a new high of this rebound wave the night before, reaching 79,444. The rest mostly follow Bitcoin's trend. As RAVE collapsed overnight, most of the skyrocketing altcoins experienced quick gains and then a quick decline, sometimes within an hour;
BTC
Support at 75,475 / 71,500 / 68,350
Resistance not set for now
The key level now is 78,425. Watch when it breaks through and stabilizes, or if it is repeatedly suppressed at high levels. The battle between bulls and bears is happening here;
ETH
Support at 2,180-2,225 / 2,075
Resistance tentatively at 2,500
Since Monday, the market has been rebounding steadily after hitting bottom, maintaining a bullish sentiment at high levels. Be patient; there are no short-term reversal signals for a sharp crash yet. Don't let panic amplify your fears;
Trading suggestions are for record-keeping only and do not constitute any investment advice: Before going to Hong Kong, I specifically made a market forecast on the evening of the 18th, telling everyone that dips are opportunities to add positions. The dips on Sunday night and Monday morning were opportunities. The lowest point on Monday morning was 73,669, and the highest rebound this week touched 79,444, providing enough room for profit-taking;
Currently, the short-term pullback is crucial to confirm whether the level of 78,425 can be broken and stabilized. The recent pullback focuses on the 76,000 level. If it breaks through with increased volume at 75,500, it will enter a phase of downward testing support. If the pullback stabilizes, it may oscillate and attempt to challenge the 78,425 breakout again. Watch for whether it breaks through or not!
BTC-0,17%
ETH-0,95%
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