After days, we finally managed to start a morning with green. We will see if more comes. I will already do the detailed analysis during the day, but if we take a quick look. #Bitcoin closed the day within the 108-112K support zone. #Ethereum The 4-4.1K support zone closed just below, which is not good at all, but if it quickly rebounds and jumps back above support, this drop will remain a fakeout and we will look ahead. However, the opposite is also possible, meaning it may fail to rise above support again. In this case, the decline will deepen further and take the lower levels with it.
Anyway, as I said, I will do a more detailed analysis during the day.
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.
Good morning friends🙋♂️
After days, we finally managed to start a morning with green.
We will see if more comes.
I will already do the detailed analysis during the day, but if we take a quick look.
#Bitcoin closed the day within the 108-112K support zone.
#Ethereum The 4-4.1K support zone closed just below, which is not good at all, but if it quickly rebounds and jumps back above support, this drop will remain a fakeout and we will look ahead. However, the opposite is also possible, meaning it may fail to rise above support again. In this case, the decline will deepen further and take the lower levels with it.
Anyway, as I said, I will do a more detailed analysis during the day.
Let's get started if everyone is awake.