Let the data speak: Risk appetite improves again over the we | 薛定谔的猫叔 on Binance Square

See original

薛定谔的猫叔

--・1.8k views

Let the data speak: Risk appetite improves again over the weekend! There may be opportunities for altcoins over the weekend!
Today's data was originally similar to yesterday's. After all, the overall market did not change much. However, a few hours after the PEC was announced, Bitcoin slowly fell, and Ethereum also fell slightly. The market value fell by about 60 billion compared with yesterday, of which Bitcoin's own decline brought a decline of 42.4 billion. In contrast, Ethereum and altcoins lost about 6.8 billion and 10 billion in market value.
After this battle, Bitcoin's share decreased by 0.4, which was given to Ethereum and altcoins respectively, among which altcoins accounted for a higher proportion. With the change in market share, it also proves that altcoins did not follow the decline of Bitcoin, and the market's risk appetite is improving. This may be an opportunity signal for altcoins over the weekend.
In terms of trading volume, the decline of Bitcoin and Ethereum was accompanied by an increase in trading volume, but the altcoin trading volume decreased compared with yesterday, which once again shows that altcoins did not react much to the decline.
There is no significant change in funds for the time being. The inflow and outflow of funds in Asia, Europe and the United States are subtle. We just need to record them.
Over the weekend, Bitcoin and Ethereum will hold near the key support, and the altcoins will gradually become active. As for whether it can bring about an altcoin week, it depends on the specific situation tomorrow. At present, the altcoins are not falling.
#BTC走势分析  #ETH 

LIVE

薛定谔的猫叔

--

BTC/ETH market analysis: Pay attention to a key range and a support

The PCE data released today theoretically brought positive data, but it did not have much effect on sentiment. The market basically remained sideways with low liquidity over the weekend. However, before sideways trading, the market needs to digest the selling pressure. Because of the silent sideways trading for a week, although the PCE data is slightly positive, the price of Bitcoin has not met the expectations of some groups, and they may sell in the short term.

As mentioned in my post on Thursday, if the PCE is negative, it is just a test of support. The current data is positive, but the effect is not great. The worst result is also a test of support over the weekend.

Bitcoin:

65,000-67,200, support range, between Bitcoin price is very close to 67,200, considering that there will be selling pressure to be digested, so the dense support area below 65,000 is used as a buffer support to form a support range. This range will basically form an effective defense over the weekend. If it does not fall below, there will not be too much problem.

Ethereum:

The monthly line 3560 is still a key position. Although this position is a certain distance from the current price, this support is based on the fact that there will not be much valid data next week and the window period of the Fed's speech, so as long as the price remains above this position, there will be no major problems. At the same time, Ethereum's short-term volatility and subsequent shocks will help the adjustment and contraction of the daily Bollinger Bands. The specific factors that will really cause Ethereum to break through or fall still depend on whether there will be an update to the ETF S-1 file in June. Of course, if the file review is expected to take too long, the short-term market will naturally fall. After all, there are still many people in the market who are too impatient.

Later we will pay attention to market data to see if there are more opportunities for cottage weekends when the market is temporarily stable.
#BTC走势分析 #5月市场关键事件

Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content. See T&Cs.

Replies 1