Technical Analysis Summary Bitcoin (Bitcoin)

Weekly level: Last week, a long lower shadow cross star small Yin line was closed, and the closing line was above the moving average, indicating that the support is effective. The lower moving average has turned upward, showing potential upward momentum.

Daily level: Currently, a large Yang line has been formed, breaking through the high point of the past two days, opening up the upper space. Short-term target: around 66,000 points.

Four-hour line: The weekend volatility is large, fluctuating about 1,000 points up and down. The situation on Saturday is optimistic, but the pullback on Sunday gives confidence to the air force, and the early morning pull-up does not meet the expectations of a decline.

Operational advice: Mainly low and long. Support below: 63,300-63,800. Pressure above: 65,000-65,500.

Ethereum (Ethereum)

Weekly level: After the new low in early August, the weekly low gradually rose, showing signs of bottoming out. Combined with the October interest rate cut and the election activities, the market in March 2022 may reappear, with a target of 3,000 points.

Daily level: It has broken through the recent suppressed MA30 daily moving average, showing the potential for growth.

Operational suggestions: Mainly bullish at low levels. Lower support focus: 2490-2460. Upper pressure focus: 2590, short-term target around 2680.

The current market sentiment tends to be bullish, especially Bitcoin and Ethereum have signs of bottoming out and rising. In terms of operation, it is recommended to pay attention to key support and pressure levels and flexibly adjust strategies to cope with market fluctuations.