Follow for more, earning millions. Hello everyone, I am analyst Gu Jingci. Here I share my views, hoping that every friend who follows can achieve good returns!

Follow the public account Gu Jingci, focusing on mainstream coin guidance and layout. Since Bitcoin and Ethereum hit lows of 59000 and 1500 respectively, the rebound has not been strong, and for the past two days, prices have remained in a narrow range, which is also a sign of weak fluctuations. After all, the previous decline had a large space, and it is normal to have a decent rebound, but that hasn't happened. From the daily chart perspective, the market has ended a three-day consecutive decline, and we need to pay attention to whether it can stabilize going forward, but the short-term trend still leans weak. The K-line pattern shows a massive bearish candle since June, indicating that the long-term trend is extremely bearish, and the market is in deep correction. In recent daily candles, many have upper shadows, indicating heavy selling pressure above and a lack of bullish momentum.

On the 4-hour level, a small-bodied candle with long upper and lower shadows was formed, closing lower than the opening price and previous candle's closing price, showing fierce competition between bulls and bears, with the bears temporarily gaining the upper hand. In technical indicators, both the DIF line and the DEA line are operating below the zero axis; although the DIF line is above the DEA line, the MACD histogram has shortened compared to the previous period, indicating weakening short-term upward momentum and the existence of downside risk. The trend should be flexibly responded to, with a focus on short-term high resistance at 64500 and 1720 above.

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