/#ETHmarket analysis: The weekly upward resistance level is blocked, no FOMO on the rise, no panic on the fall!

Market analysis

BTC continued to rise during the day, approaching 65,000. Whether it is affected by the sentiment of the "Mentougou" incident or the market needs to adjust, a short-term price fluctuation and decline is foreseeable.

The reason for the short-term correction may be the sentiment in Mentougou, but the main reason is that the market needs to digest the selling pressure. The data from the weekend to Monday did not increase in volume. Yesterday, it was mentioned that it is necessary to increase volume and turnover in the short term. After consolidation, the price trend will be more stable. The rise on the weekend and Monday did not stimulate selling volume, so it is not surprising to touch the selling pressure near 65,000, which may also be a good thing.