Hello everyone, I am A Gan, let me talk about the current market situation

#BTC The big coin has slowly gone down a bit over the weekend, oscillating down from the high point of 99000. Yesterday during the day it was around 99000-98300, then at night it broke below 98200, dropped to 97200 and then bounced back to around 98600 before going down again. Tonight it has fallen below 97200, hitting down to 96400 and starting to rebound. Currently, the trend of the big coin over the weekend in these two days is still downward. Pay attention to the key support level at 95000; if it breaks below this level, the probability of further downward adjustment will be quite high, and the adjustment range will be relatively deep. If it comes down to these levels, you can prepare to buy some low positions, for example, buying in the range of 95500-95800, and set a stop loss if it breaks below 95000. The risk-reward ratio is still reasonable. Now we mainly have to watch tomorrow, as the opening of the US stock market during the workweek is quite critical.

#ETH The second coin has also followed the big coin down, breaking below the small support level of 3350. Here we need to pay attention to the support at 3240. If it breaks below this strong support, it may drop to around 3030. Everyone should take note that just because there is strong support, it does not mean it will drop to that level; it could stabilize and start to rebound at 3150. As long as you are bullish, there is no need to worry. Small-level pullbacks are not a big deal. The pressure for the second coin is at 3500, and if it drops down to around 3250, spot players can still build positions. Just hold your spot purchases and wait for a better entry point, for example, buying again at 3100. For contracts, buy at 3250 with a stop loss at 3215, and if it breaks this level, run. For take profit, aim for around 3325. If you make a profit on the contract in the short term, just take it. Spot is for holding long-term, so you don’t need to worry about short-term fluctuations.

Let’s talk about altcoins. Today, the metaverse sector surged for a bit but then stopped; just as the big coin pulled back, it brought some down as well. Recently, many sectors have seen a rise, but it hasn’t been very aggressive. If you are chasing short-term gains, remember to take profits once you’re up. If you plan to hold long-term, you can hold on, no need to rush. There will still be opportunities to make money when a big trend comes. Control your positions in altcoins, don’t buy too much. Play with small funds; for large funds, I suggest laying out positions in big coin and second coin, #DOGE #SOL #BNB which are relatively good. It’s still okay to allocate a bit of small funds in altcoins.

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