Bitcoin (BTC) market analysis and trading strategies
Yesterday Review
Yesterday, the support range of 65850-66150 that we focused on was successfully touched, and the market rebounded strongly. Our strategy was also accurately triggered, achieving the profit target.
Recent Focus
Upper resistance range: $68,400-69,200
Support range below: $65850-66150
Key Support Area: $64,500-65,000
Structural morphology analysis
As can be seen in the chart, a clear bottom pattern has been formed in the lower support area. The K-line repairs the structure within the yellow slope line 1, and this pattern provides a reference for subsequent trends.
Precautions
Breakthrough slope line yellow line 1:
Pay attention to whether the price can break through the slope line yellow line 1 in the figure, and observe whether this line has a suppressive effect on the price.
If the price successfully breaks through the slope line, it may usher in an accelerated upward trend, and this development should be closely monitored.
Trading straregy
Multiple order layout:
Entry point 1: When the price falls back to 65850-66150 and the entity does not fall below, wait for the bottom pattern signal to appear on the 5-minute or 30-minute chart and consider going long.
Entry point 2: When the price retraces to the 65000-64500 range and the entity does not fall below, wait for the bottom pattern signal to appear on the 5-minute or 30-minute chart and consider going long.
Short order layout:
Entry point: When it rebounds from the 68400-69200 range and the entity does not break through, wait for the top pattern signal to appear on the 5-minute or 30-minute chart and consider shorting.
Focus
Breakthrough of yellow slope line 1:
Pay attention to the performance of the price on the yellow slope line 1. If the price breaks through this line and shows an accelerating upward trend, it may indicate that the market has entered a new upward phase.
Support validity of the 65000-64500 range:
This key support range is crucial to determine whether the market can stabilize. It is necessary to pay close attention to the performance of prices in this range to determine the subsequent operation strategy.
Ethereum (ETH) market analysis and trading strategies
Yesterday Review
The 3565-3600 pressure range given yesterday was verified, the suppression of the yellow slope line 2 was effective, and successfully brought about a 70-point callback. Our strategy order was also accurately triggered and achieved profit.
Recent Focus
Upper resistance range: $3565-3600
Support range below: $3380-3400
Key pressure point: $3,660
Structural morphology analysis
The chart shows that the K-line rebounded to the yellow slope line 2 and then pulled back. It is currently trading sideways at a high level, with a sideways range of $3,600-3,540. Whether this range is broken or not will determine the next market direction.
Precautions
The acceleration after the sideways fluctuation range breaks through:
Once the current sideways fluctuation range (US$3,600-3,540) is broken, an acceleration trend is expected.
Confirmation of the pullback to test the bottom low point:
During the retracement process, it is necessary to confirm the validity of the bottom low point to determine whether the market has stabilized.
Trading straregy
Short order layout:
Entry point: When the price retraces to the 3565-3600 range and the entity does not break through, wait for the top pattern signal to appear on the 5-minute or 30-minute chart and consider shorting.
Multiple order layout:
Entry point 1: When the price retraces to the 3380-3400 range and the entity does not fall below it, wait for the bottom pattern signal to appear on the 5-minute or 30-minute chart and consider going long.
Entry point 2: When the price falls back to the 3480-3460 range and the entity does not fall below it, wait for the bottom pattern signal to appear on the 5-minute or 30-minute chart and consider going long.
Focus
Is the pressure in the range of 3600-3560 effective?
Pay attention to the performance of this pressure zone. Once it is broken through, there may be new opportunities for growth.
The accelerated market after the sideways fluctuation range breaks:
Once the sideways range of $3,600-3,540 is broken, it will trigger an acceleration of the market and requires close attention.
Confirmation of the pullback to test the bottom low point:
The validity of the support ranges of $3380-3400 and $3480-3460 needs to be verified to determine the stability of the market.
