Bitcoin market turning point is imminent! Hidden thunder is about to erupt!


It has been 39 days since the high point of 111700 on May 22. During this period, the market has fluctuated from 111700 to 100300, from 100300 to 110500, from 110500 to 98200, and from 98200 to 108200. In just about a month, there have been 4 waves of large-scale rise and fall, with a cumulative amplitude exceeding 40,000 points. During this time, take-profit actions have accumulated over 15,000 points, and Ethereum has dropped sharply from 2870 to a low of 2100, with a decline of 28%. From a technical perspective, the large-scale parallel downward channel has opened, with the strongest resistance gap near 109000 at three high points, while the gap at three low points has currently reduced to around 97000. The major directional trumpet-shaped trend support has decreased to around 72000.
From the technical perspective of Ethereum, the maximum level of upward trend support at 2245 has been pierced down to 2100 and rebounded to 2520. The current rebound is just in vain, and the next wave of Ethereum's low points is aiming for 1800.
BTC-1.55%
ETH1.07%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)