📈 Today's market analysis: Dr. Frog is here! 🐸🔮

During the weekend, the market did not fluctuate much, and the overall volatility was low. Wait patiently for the opening of a new week tomorrow. This week's weekly trend is very beautiful, with a real body reverse positive line, but the volume is slightly insufficient. The following is a detailed analysis:

1️⃣ Bitcoin (BTC):

Support level: $65,500 Upper resistance level: $69,000 - $70,000

2️⃣ Ethereum (ETH):

Support level: $3,050 Resistance level: $3,150

🔍 Technical analysis:

From the weekly OBV (balanced volume indicator), Ethereum formed a double bottom at the support level, and various indicators showed obvious bottoming. Many currencies in the altcoin market have entered the bottoming pattern, and the short-term is temporarily dominated by shocks, and will not soon move out of the trend line market. Comprehensively judging, we are currently in the late stage of this round of adjustments.

Summary:

The market is low in volatility, waiting for the opening of a new week. The weekly trend is strong but the volume is insufficient. The altcoin market is in the bottoming stage, with short-term fluctuations as the main trend.

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$BTC