Market trend analysis:

BTC:

Technical analysis: Both the 1-hour and 4-hour levels are below the health level, and the daily line is also below the healthy level. A pullback is expected to be consolidated.

Support level: $56,000-56,500

Resistance level: $58,000-58500

Action suggestion: Retracting back to the support level can be considered for light follow-up.

ETH:

Technical analysis: The 1-hour and 4-hour levels are below the healthy level. The daily line is also sluggish, energy is insufficient, and the downward trend has not improved.

Support level: $2320-2370

Resistance level: $2470-2520

Action suggestions: It is recommended to wait and see, wait for clear signals from the market before deciding on action.

How is the Bitcoin “halving market”?

Some people say “halving must increase” is the law of the market, but there are also opinions that this is just a gimmick used by bookmakers to speculate.

If you take a look at this year's data, you'll see that Bitcoin's halving performance is really poor. According to historical data:

2012:739% increase after halving

2016:10% increase after halving

2020:22% increase after halving

2023:8% decrease after halving

The “sharp rise in halving” of the past seems to be less obvious. The market is becoming more mature, and the direct impact of the halving is weakening. However, the psychological effects of halving still exist and may cause market fluctuations.

conclusions

Although the market is volatile, historical experience and data remind us that it is important to be patient and alert during this period of adjustment. Pay attention to the technical side, plan the operation strategy reasonably, and seize the opportunity!