Weekly analyze of crypto market (May 23-May 27)
This week, the crypto market fell and got weakened again.
BTCUSDT
The weekly line of BTC fluctuated and fell. The front shadow continued to drop, and the daily range was weak and consolidated. The fluctuation range was further reduced. The probability of breaking down at the end of the convergence pattern was greater. The support range is 26000-27000 and the pressure range is 30000-30500.
ETHUSDT
The weekly line of ETH has reached a new low. Although the market is currently in the vicinity of the previous wave low of 1700, the market has repeated, but the decline still exists. After breaking the low of 1900 on the daily line, it turned into the first resistance level of the later rebound. The support range is 1500- 1600 and the pressure range is1900-2050.
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)
BTCUSDTThe weekly line of BTC fluctuated and fell. The front shadow continued to drop, and the daily range was weak and consolidated. The fluctuation range was further reduced. The probability of breaking down at the end of the convergence pattern was greater. The support range is 26000-27000 and the pressure range is 30000-30500.
ETHUSDTThe weekly line of ETH has reached a new low. Although the market is currently in the vicinity of the previous wave low of 1700, the market has repeated, but the decline still exists. After breaking the low of 1900 on the daily line, it turned into the first resistance level of the later rebound. The support range is 1500- 1600 and the pressure range is1900-2050.
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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