Liang Xi's latest suggestions for trading big and small BTC
BTC has broken through 69,100, and the market seems to have improved. But many altcoins are still not pulling the market. What should we do next? Let's look at the dog dealer layout from the on-chain data (1) The amount of BTC flowing into the exchange has greatly decreased in the past two days, which is good for the cryptocurrency circle (2) The amount of stablecoins flowing into the exchange has increased in the past two days, but there has been no change from yesterday to today. Sufficient funds are good. If there is no black swan event such as war next week, it is still bullish.
Next week, we will focus on the release of the US April core PCE at 8:30 pm on Friday. If it is higher than expected, it will be bearish. If it is lower than expected, BTC is expected to challenge the previous high! The upper pressure of the day is 70,500, and the lower support is 68,300.
At the ETH four-hour level, we can see that the price fluctuated in the 3780-3720 area for a day. The price still did not stand above the moving average. OBV weakened, the upper pressure of the day was 3900, and the lower support was around 3630.
