Bitcoin/Ethereum continued to trade sideways over the weekend

Bitcoin/Ethereum entered a sideways trend again after the two days of ups and downs. Bitcoin's K-line pattern has recently shown large fluctuations, especially the plunge in recent days and the subsequent rebound. In recent days, the price has fluctuated in the range of 57,500 to 59,500, with certain signs of stabilization. In terms of technical indicators, MACD, DIF and DEA are all negative, but the gap is gradually narrowing, and the MACD bar chart is also weakening, indicating that the downward momentum is weakening, and there may be a reversal signal, but the upper pressure still exists, especially when the moving average indicator has not effectively broken through, the long-term trend is still bearish.

On the MA moving average, Bitcoin first pays attention to whether the 60,000-line barrier can be effectively broken through and stabilized. Once it stabilizes, there will be a subsequent rebound, and the lower lows are constantly appearing, and the oscillation amplitude also shows a wide range of fluctuations. Pay attention to the support of 57,000 line below. Ethereum focuses on the suppression formed by the crossover of the 7-day and 10-day moving averages at the 2640 line, and see whether it can break through in large volume in the later period. However, the weekend market volatility is not large, so I won't give too many strategies here, and pay more attention to the continuity of the market. #美联储何时降息？ #加密市场反弹 #内容挖矿