#我在Gate广场过新年

In the New Year, I heard the long-lost sound of firecrackers and rarely saw the sincere smiles of returning home. However, the market won't improve just because of the Spring Festival. The support levels mentioned a few days ago have also broken as expected. The current rebound may be the beginning of the next decline.

The Bitcoin price has broken through the 68,000 level as expected. Although it has paused around 66,000, the current trend suggests that the rebound is relatively weak. The peak of this rebound is expected to be around 68,200. If there is a spike, it might touch 69,000, which would then signal the start of another correction. Ethereum's trend is slightly stronger than Bitcoin's. The four-hour V-shaped reversal is also quite strong, with resistance around 2,040. Going higher, the key level remains at 2,150. This level has been broken several times but not effectively surpassed, and the bottom is gradually decreasing, which is a bad sign.

There isn't much market movement. Focus on celebrating the New Year with your family and watch the markets less.