Analysis of Akan’s Today’s Pie
BTC analysis:
Bitcoin rebounded from $60,000 to a high near $65,400 yesterday, which is in line with the expected choppy trend in the 600-730 range. Today is the weekend and the market is expected to undergo a major correction. From the analysis of the 4-hour K-line chart, most callbacks show long lower shadows, and a small-level head and shoulders bottom pattern appears. It is expected that the market may fluctuate upward over the weekend, with pressure at $66,800.
ETH analysis:
Yesterday's analysis pointed out that Ethereum has strong support near $2,880, and it is expected to continue to fluctuate upward without breaking the level. Zeng emphasized that altcoins have fallen to their starting positions at the beginning of the year and have tested the bottom, showing extremely strong support. As mainstream currencies consolidate, the altcoin market is expected to come soon.
In view of the recent sharp decline in the Singapore dollar and its significant rebound, it is recommended to continue to hold it.
