Weekly analyze of crypto investing
This week, the rapid decline of the crypto market has come to an end, and the market has entered a repair stage. But the market sentiment is still in panic.
BTCUSDT
- BTC/USDT
BTCUSDT
The BTC weekly line is currently showing eight consecutive negative. The trend has not yet shaken off the partial suppression of the previous shadow line. Within the range of 28500–31500, the daily line is alternately oscillating around 30,000. The structural breakout can cause a wave of small trend continuation. The support range is 26500–28000, and the pressure range is 32500–34000.- ETH/USDT
ETHUSDT
Since ETH stepped out of the compensatory decline last week, and the trend is weaker than the broader market. The signs of a second dip of the daily line are also more obvious. But it still needs to wait to see whether it can stop falling or not. The condition is to break through the high point of the 2150 band to build a potential double bottom pattern. The support range is 1650–1800, the pressure range is 2200–2350.
The grid and Martin strategy are suggested for spot, and the SMT strategy for futures.
(For reference only, plz invest rationally)
Have a nice weekend.
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