Analysis of Bitcoin and Ethereum in the early morning of Saturday

Saturday is here again in a blink of an eye. This week is full of thorns. The Fed is hawkish in front and Germany is selling madly in the back. The market was once tossed around in all kinds of ways. The lowest price hit 53,000 and then rebounded. As of this week, the highest rebound stopped at 59,000. I don’t know how many people in the currency circle have been washed out in this round.

We were also confused, overwhelmed, and disappointed with the market last week, but in the end, we gritted our teeth and persevered. In this ruthless market, the only one who can save you is yourself. There is no one chosen one in a million, and there is no mastermind behind billions of warehouses, so you can only go against the wind all the way.

This week, we have been long all the way, without a single short order, all long, from 55,000 at the beginning of the week to 59,000, and at the end of the week, we have been long all the way and harvested madly in the short term. Ethereum is also quite powerful. It has been long from 2,900 to now, which can be regarded as a great achievement!

As far as the current market sentiment is concerned, the cold air has basically been released. Germany does not have many chips in its hands, and the market is not buying orders frequently with its selling as before. Although CPI is significantly bullish, it has not made a large unilateral move. Then calmly analyze the market, the overall range is still in a wide range of 56500 to 59500. Although there are retracements, the movements are not very large. Ethereum news has not yet come out. As long as it is released excessively, the latter will surely support the market.

In the field of operation, we still focus on retracement. Bitcoin's short-term support is 56500, and the upper pressure is 59500. Without breaking, there is no establishment. You can go long if you retrace and stabilize. Ethereum has tested the 3050 area today. It can be regarded as the first support in the short term, and the pressure is concentrated at the 3220 high point. In the future market, the short-term pressure breakthrough is the first focus, and the long-term is still expected!

Saturday operation strategy

Bitcoin, 57000 area, see 59000

Ethereum, 3080 area, see 3190

That's all, I wish you all a happy weekend, everything is well, if you can't do short-term, you can't see the trend, you can look at Ultraman's thinking!

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