😳1.19 Daily Market View.😳
$BTC View:
The major coin has gone through two days of consolidation over the weekend without breaking the resistance level of 95761. Since there was no breakout over these two days, a pullback is expected, but it was unexpected to see a direct waterfall. The bearish flag pattern has also been broken, and the small door has been drawn. In the face of absolute downward force, any support is meaningless, just paper.
Currently, the major coin is supported at 91743 and has not continued to widen the decline; it should consolidate around 91743-93172.
Consolidation will occur until the US stock market opens in the evening to choose a direction. The bullish trend has not been completely destroyed as long as 91743 can hold. If it holds, there is nothing to worry about, just a normal retest of support. If 91743 cannot hold, it will have to test 90318. Once 90318 is broken and cannot be reclaimed, this bullish trend will be completely destroyed. If the rebound can return above 93172, this wave of decline will stop here. Looking at the volume indicated by the white arrow below, the corresponding candlestick has shown a significant volume, but the price has not declined significantly, even less than the previous candlestick's decline, which is also a stop-loss signal.
Currently, the hourly RSI has reached oversold levels, indicating a demand for a rebound. It depends on whether the rebound can surpass 93172. If it breaks through 93172, this wave of retest will end; if not, it will continue to test 91743.
For the major coin, break through 93172 with volume on the right side to chase long positions, and on the left side, lightly enter long positions at 90318 during the pullback, paying attention to volume changes and setting stop-losses.
For the major coin, if it breaks above 93172 and stabilizes, look upwards at 94523-95761; if it cannot go up, it is useless.
If it falls below 91794 in the 4-hour timeframe, look down at 90895-89273.
$ETH Strategy:
For the minor coin, break through 3219 with volume on the right side to chase long positions, and set stop-losses.
Break below 3191 with volume on the right side to chase short positions, and set stop-losses.
On the pullback to 3150, confirm that support is effective for an additional position,
If it breaks below 3102, set a stop-loss.
In the hourly timeframe, for the minor coin, stabilize above 3219 and look upwards at 3250-3297.
Be cautious of placing a short position at 3297 above the minor coin,
Set a stop-loss if it breaks through 3320.
Left-side spike order: Buy at 3078, set a stop-loss if it breaks below 3039.
Upper pressure 3219-3250-3297
Lower support 3173-3131-3079
If it falls below 3172 in the 4-hour timeframe, look down at 3130-3082; I cannot write any more, please check the comment section.
