Weekly Analyze of Crypto Investing in June, 2022
Date: Jun 13, 2022 - Jun 17, 2022
This week, the crypto market broke down and continued the downward trend.
BTC's weekly heavy volume accelerated and fell, and the daily convergence pattern chose to go down. After reaching the psychological support price of the 20,000 mark, the competition between long and short positions intensified, and long shadow lines began to be frequent. Under the premise that the long-to-short ratio is gradually rising, there will be a large number of panic disks once the market breaks again. The support range is 17500–18500, the pressure range is 22000–23000.
The weekly ETH line has fallen back and break down high point in 2017. The current decline has exceeded 20% of last week. The daily double needle bottomed out. Although the decline has eased and reversed, but the original trend will not change until it breaks the band high of 1300. The support range is 800–900, and the pressure range is 1200–1300.
Vtrading is a crypto trading platform providing smart coin trading strategies for every trader. If you are using Vtrading smart crypto trading bots, the Grid and Martin strategy are suggested for spot market, and the SMT strategy for futures market.
(For reference only, plz invest rationally)
This week, the crypto market broke down and continued the downward trend.
BTC's weekly heavy volume accelerated and fell, and the daily convergence pattern chose to go down. After reaching the psychological support price of the 20,000 mark, the competition between long and short positions intensified, and long shadow lines began to be frequent. Under the premise that the long-to-short ratio is gradually rising, there will be a large number of panic disks once the market breaks again. The support range is 17500–18500, the pressure range is 22000–23000.
The weekly ETH line has fallen back and break down high point in 2017. The current decline has exceeded 20% of last week. The daily double needle bottomed out. Although the decline has eased and reversed, but the original trend will not change until it breaks the band high of 1300. The support range is 800–900, and the pressure range is 1200–1300.
Vtrading is a crypto trading platform providing smart coin trading strategies for every trader. If you are using Vtrading smart crypto trading bots, the Grid and Martin strategy are suggested for spot market, and the SMT strategy for futures market.
(For reference only, plz invest rationally)
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