2024.11.27 In-depth analysis of BTC/ETH trend
In today's cryptocurrency market, another 172,959 people have experienced a sharp decline in their assets, with wealth of up to 3.9 billion CNY dissipated in an instant. Since King Wang was elected, the market seems to have fallen into a whirlpool of violent changes. Assets fluctuate on this scale every day. The phenomenon of large changes in market hands is extremely obvious. New participants continue to pour in, while some investors choose to leave. field
In terms of the trend of Bitcoin (BTC), it has entered the predetermined track and is currently struggling on the upper track of the 92000/89500/87500 range.
At this stage, it is a more ideal development trend to have a volatile market after entering this range.
From a short-term perspective, it can be as fast as 3 days or as slow as a week. Bitcoin is very likely to choose its direction again within this range. This expectation is quite reasonable and possible.
For the key points of BTC, focus on the support level 91800/89450/87150 and the pressure level 94000
Among them, the support level is exactly the upper, middle and lower points of the shock range during the previous wave of rise. In view of this, when the price falls back to this range, it will inevitably trigger a shock market, so there is no need to worry too much today about the immediate impact. A major breakout occurs below the range.
On the trend of Ethereum (ETH), its support level is 3255/3145, and the pressure level is tentatively set at 3445
It is undeniable that ether has shown strong resilience in this round of market fluctuations.
Even though it has developed so far, based on the analysis of 4-hour technical indicators, Ether still retains the potential to charge upward again, and early trading indicators show that it still has the need to charge higher.
At the level of operating strategies, for Heyue Trading, if it is not at a critical point or there is no special market situation such as a pin, you must not rush to make an operation, especially avoid placing the position in place at one time
In market transactions, the batch entry and exit strategy is always the core point, which can effectively reduce risks and improve the flexibility and controllability of transactions.
From the perspective of long-term investment and grid trading strategies, I still firmly hold it and have not sold a single coin.
