Weekly analyze of crypto investing
In this week, the crypto market as a whole showed a downward trend, and BTC has been fluctuating around the 5-day MA120 recently. The long and short sides hesitate, and the monthly line is about to close.
According to the current retracement rate, the trend is bearish, and the day k-line fluctuates lower. However, the decline in the densely traded area near the early stage did not continue well. The support range is 36500-37500, the pressure range is 41500-42000, the weekly MA5 of ETH turns its head down, and the rebound space is limited. The structure of the day k-line descending channel is currently supported and rebounded at the Fibonacci 61.8%. The multi-period moving average suppression is more obvious. The support range is 2650-2750, and the pressure range is 3050-3150.
The grid and Martin strategy are suggested for spot, and SMT strategy for futures.
(For reference only, plz invest rationally)
According to the current retracement rate, the trend is bearish, and the day k-line fluctuates lower. However, the decline in the densely traded area near the early stage did not continue well. The support range is 36500-37500, the pressure range is 41500-42000, the weekly MA5 of ETH turns its head down, and the rebound space is limited. The structure of the day k-line descending channel is currently supported and rebounded at the Fibonacci 61.8%. The multi-period moving average suppression is more obvious. The support range is 2650-2750, and the pressure range is 3050-3150.
The grid and Martin strategy are suggested for spot, and SMT strategy for futures.
(For reference only, plz invest rationally)
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