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A new day has just begun and things are already stirring up. Bitcoin has fallen below 64,000, Ethereum has once again fallen below 3,500, and the alts' rebound from yesterday has slumped by 50% again. There is an endless unlocking of large amounts, especially on the first day of ZRO listing, not only trapping frens, but also unlocking for cash on the first day. Currently, many frens are deeply trapped in alts. However, if it is a narrative-based coin, there is no need to cut loss at the current price. If you hold coins with frequent unlocking or suspected delisting, you should think twice. Although Bitcoin and Ethereum have broken down, the trading volume has returned to a substantial level. It is recommended to pay attention to the changes in the news for operation.

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Yesterday, Bitcoin's white market oscillated within a narrow range and repaired its operation. In the evening, the price rebounded around 64400 but the bulls did not stabilize and continue, instead encountering resistance and falling back, oscillating downward. The lowest point reached the 63500 area and rebounded. The current market is operating around 63600. Looking at the four-hour chart of the technical structure, the Bollinger Bands show a narrowing trend. The K line rebounded and touched the middle line, but the bulls did not continue to break through and rise, but clearly faced pressure and fell back. However, after testing the lower line with a long wick candle, the market also saw a small rebound, but the strength was weak and the continuation was not strong. The trend structure is still weak. Therefore, in terms of operation, it is recommended to follow the trend and short around the high level. If the bottom does not continue after touching the support, you can go long!
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Ethereum continued to oscillate within a narrow range in the white market yesterday. A resistance platform gradually formed above 3520-3550. It quickly broke below 3500 in the early morning, and narrowly held the 3400 support level during the day. It is currently running around 3420. Looking at the daily chart, the price of Ethereum is running between the middle and lower bands of the Bollinger Bands, showing a trend of leveling off. The upper and lower bands are gradually narrowing, indicating that market volatility is weakening and a brief consolidation phase may occur. In the short term, it may test the resistance of the upper band. If it fails to break through, it will continue to oscillate between the middle and lower bands. In terms of operation, it is advisable to short near the high position and wait for a rebound after touching the support level.