Bitcoin did not fluctuate much during the week, and short selling pressure still dominated
This week, the Bitcoin market fluctuated relatively slowly, and the overall pattern of short-term suppression on the daily line was presented. Although $65,000 is still the short-term suppression level of the daily line, due to the heavy selling pressure above, it requires strong buying support or bullish sentiment in the market to break through, otherwise the market may still fluctuate and fall. On the short-term four-hour chart, the Bollinger Bands are in a downward opening state, showing a certain bottom divergence trend, indicating that the price may have an upward sprint in the future. In terms of short-term suppression, pay attention to the suppression strength of the $64,700 line, and there is a $1,000 upward gap between $65,000 and $66,500, so it is difficult to determine a good layout point. On the one-hour chart, the market has started a new round of shock decline, and $64,000 has formed a new suppression strength in the early trading. Taking all factors into consideration, it is recommended to maintain the layout of yesterday's rebound short selling on the weekend and maintain a stable short position and wait and see.
Ethereum's short-term trend is strongly suppressed near 3150
At present, the trend of Ethereum is strongly suppressed near $3,150 in the short term. However, Lao Lin is not optimistic about the short-term operation under this layout. Successful operation may only gain 20-30 points of profit, while failure may result in more than 50 points of cover, so the profit and loss ratio is not cost-effective. On the daily chart, short-term suppression is near $3,166, and the pressure of the high of $3,300 is also moving down. Therefore, it is currently recommended to carefully arrange short orders at the high of the daily line, and it is recommended to wait and see for the position near $3,160. On the four-hour chart, there are also certain signs of bottom divergence, so there may be a certain degree of continued rise after breaking through the suppression of $3,160. On the one-hour chart, the volatile market may still continue, and the range is concerned about $3,100 to $3,160. Based on the above suggestions, for the subsequent operation of Ethereum, it is recommended to aggressively rebound and short, and maintain a steady short position and wait and see on weekends.
The market is unpredictable and opportunities are fleeting. Only by paying close attention to every subtle change and seizing your own opportunities can you remain invincible in the ups and downs of the market. Are you ready today? Let's look forward to the wonderful performance of the market together!
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