Notification: Yesterday, Bitcoin and Ethereum followed the US stock rebound. Currently, on the daily chart, the rebound strength is not very significant, while the US Nasdaq futures surged by 900 points, recovering more than half of the previous decline. Bitcoin only experienced a short-term rebound from the daytime drop, so Bitcoin and Ethereum are still relatively weak. As shown in the chart, at the daily level, Bitcoin and Ethereum are facing two resistance levels: one is the daily MA5 moving average, and the other is the previous breakout of the daily middle pivot. Of course, Bitcoin's weekly MA120 is also broken, and it is now testing the MA120 level. Overall, below these two resistance levels, the main trend remains bearish. In the short term, at the 2-hour level, there is a divergence. Let's see how far this divergence can support a rebound. If the daily MA5 cannot be broken for a long time, then this 2-hour divergence will be fully absorbed, continuing the bearish trend. At that point, a short position can be taken directly. Shen Zicheng Village Committee Party Branch

BTC-1,37%
ETH-3,89%
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