#打榜优质内容# $BTC$: Last week, a bearish line was formed, and from the perspective of the overall market data, it has entered a correction since mid-December. The pullback is more obvious after the high volatility of the Candlestick, and this kind of high-level volatility is not a good sign, indicating a significant dumping. Although there is obvious support at the lower point, once the market returns to around 90,000, it is necessary to take measures to control the risk. The difference between this pullback and the previous dumping is that the market is experiencing a wave-like downward volatility, while the previous dumping was completed in one straight line after the Whipsaw. In terms of the daily candlestick level, after a sharp decline last week, there was a small rebound over the weekend, and the overall trend on the daily candlestick level still maintains a short position trend. Looking at the 4-hour chart, it can be seen that the market quickly and significantly dropped to 97,000 points last Tuesday, and then entered a slow downward volatility. From the recent rebound, the high point is around 96,000 points. For intraday operations, the key resistance to focus on is the 96,000-97,000 level for short positions, and the key support to focus on is the 94,000-93,000 level.


$ETH$: Last week's weekly chart closed with a large Bearish line, engulfing the previous two weeks' gains. The weekly chart closed above the 14-day moving average, with some support. From the weekly chart perspective, the Candlestick arrangement shows a whipsaw trend of short positions. Looking at the daily candlestick level, last week's decline stopped near the 90-day moving average, with a slight Rebound over the weekend. The morning market pulled back after briefly testing the 7-day moving average of the daily candlestick. Looking at the recent four days' Candlestick Rebound rhythm, it seems to resemble a bottoming behavior around the 3200-3250 level. However, it is more inclined to continue to decline after a slight Rebound to repair the technical vacuum. If the market can hold above 3400 points for the next two days, it will warm up. The key support below is at 3250, and if this level is breached again, the key follow support below in the short term is at 3000 points. For intraday operations, the key resistance above is at 3320-3360, and the key support below is at 3240-3200.
Shanzhai: $Bitcoin$ and Ethereum repaired the technical gap through a small Rebound, while Shanzhai waited for the upper moving average to continue downward after the weekend's sideways movement, thus repairing the technical gap, showing a quite weak trend. Don't always worry about missing out on the market and blindly bottom fishing. Currently, most Shanzhai are near the position where they were halved in December. Once Bitcoin and Ethereum start the second wave of decline, the next target for Shanzhai will be the low point at the end of October, which is also the low point of the year, and it will also be a significant opportunity. At that time, the size of the final victory will be determined by the amount of ammunition in hand! The current market still maintains a wait-and-see attitude!
BTC-1.56%
ETH-1.84%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)