As stated in the previous report, Bitcoin, Ethereum, and UNI were all at the critical point of breaking the structure at the time, and then broke through the suppression of the structure with heavy volume at the same time. .

BTC/USDT review analysis

As shown in the figure, after Bitcoin broke through the wedge-shaped falling structure, an effective demand zone (45800-46500) was formed near the critical point of the structural break. This position has potential buying demand and constitutes short-term support. The effective support below is concerned about this time The falling low is around 43,000. If it falls below, it may further drop to the bottom blue rectangle range of 37,800-39,400 in the chart; the first target above is around the previous rebound high of 51,200, and the second target is on the upper edge of the supply column Near 54000, this position has a relatively high pressure.

ETH/USDT review analysis

ETH/USDT review analysis

Ethereum broke the falling structure at the same time as Bitcoin. Although the rebound was considerable, it was relatively deep, and it directly stepped back to the upper edge of the short-term support area (1420-1455), and the ETH/BTC exchange rate did not happen. There are too many changes, and it is still hovering at the low level of this wave of decline. When the relative exchange rate goes out of the low shock zone, you can focus on Ethereum.

As shown in the figure, UNI’s performance in the rebounding market is particularly strong in the falling market. The three dips in the previous decline did not hit lows one after another like Bitcoin. In the rebounding market, it has rebounded to the vicinity of the previous high supply area. , The rebound rate reached 33%. If you stand firm in the supply zone, you may have a further high impact. Around 28.8 constitutes the key upper pressure level. The short-term support below focuses on the 22.2-23 range, and the mid-term effective support still focuses on the 20-line.

This article is for reference only and does not constitute any investment advice