Market Review:
Last week, the A-share market fell 112 points, the Nasdaq fell 613 points, spot gold recorded its biggest weekly drop since June 2021, with a 4.58% drop. Bitcoin rose 13.27%, or 10,573 points, and Ethereum fell 3.84%, or 123 points.
Technical aspects:
BTC: The weekly line closed with a real big positive line again, maintaining the upward trend. The daily line level is in high-level fluctuations, and the technical gap has been repaired. The MA7 daily moving average below has obvious support, and the K line is slowly moving up on the moving average, showing a bullish arrangement as a whole. At the 4-hour line level, the overall high-level box is oscillating, and the pressure at the 91850 line above is obvious. After rushing to this position many times, it has fallen back. The support below is mainly concentrated on the 88000 line, and the important defense line is around 87000 points. In terms of intraday operations, the upper focus is on the pressure of 91500-92500, and the focus is on the support of 88800-87800 below to see a rebound.
ETH: After the weekly line closed with a 31% increase in the previous week, the weekly line last week hit a high and fell back to close with a long upper shadow line. This kind of flat line pulled out a big positive line, which seriously damaged the normal trend of the technical side. The market needs to make adjustments to repair the technical gap! At the daily level, after breaking the MA7 daily moving average, an important support level is formed near 3000 points. At the 4-hour level, the overall trend is a small-cycle bearish trend of oscillating downward. In terms of intraday operations, the upper focus is on the pressure of 3170-3210, and the lower focus is on the support of 3050-3010.
Shanzhai: Some slightly weaker stocks have basically returned to the starting point, and some strong stocks with relatively large gains are currently fluctuating at high levels! At present, it is still mainly on the sidelines, and it is not recommended to buy again. Wait patiently for new buying points. Among them, the first thing to pay attention to is meme, games, inscriptions and other recently active sectors.
