2024.5.29 Today's Market Analysis: Dr. Frog

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Market Dynamics

$BTC is blocked at the resistance level, and the four-hour divergence of $ETH begins to take effect. In the short term, the trend of altcoins in the market is generally weak. It is recommended to temporarily control the frequency of short-term operations and patiently wait for the market to retrace.

Key Points

$ETH: Short-term support: $3810 (pay attention to the closing break)

Short-term resistance: $3890-3910

Big support below: $3600/3400

$BTC: Short-term support: $67,500

Short-term resistance: $70,000

Investment advice

Short-term: control the frequency of operations and wait for the market to retrace. If $ETH effectively falls below $3810, it will accelerate the retracement in the short term.

Medium and long-term: continue to hold patiently and wait for the big market to start. Do not easily swing low-level chips to avoid missing the start-up opportunity. Those with positions can arrange during the retracement.

Future Outlook

The market is undergoing adjustments. Pay attention to the key support and resistance levels of $ETH and $BTC in the short term. The big market is coming, so wait patiently for the layout opportunities after the retracement.#Cryptocurrency#MarketAnalysis #$ETH #$BTC#Altcoin#Dr.Frog

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