Bitcoin's weekly line continues to close in the negative, and the price may fall below 63,000. In this case, even if there is such a drop, I think it is still acceptable. After all, the current situation belongs to the bearish trend at the daily level, and the pressure above the daily line needs to be broken. The upper 64,100 is the position that needs to be focused on on the daily line, but I cannot determine the long position at the daily level at present.
In the four-hour short-term, the Bollinger Bands opened downward, and the price fluctuated around the middle track, with a focus on the range of 62100-65000. After the bottom divergence was repaired, the price quickly went out of a new round of decline. The attached indicator shows that the fast and slow lines are blunted and glued, and the KDJ three lines diverge downward, showing signs of finding support as a whole.
Based on the above analysis, I suggest continuing to adopt the strategy of shorting on rebound in the future market of Bitcoin.
Ethereum has seen strong buying power on the weekly chart, and has formed a bottom-up star pattern. In addition, a long upper shadow inverted hammer candle has also appeared on the daily chart, and combined with the weekly chart signal, it shows signs of bottoming out, which is suitable for long-term spot buying operations. For aggressive investors, you can consider placing long orders directly at the current price of 3260 to see if it can break through the 3360 line. For conservative investors, you can place long orders at the 3200 support line below the daily chart.
In the four-hour short-term, the price is running in an upward channel. Currently, there is a top-bottom conversion support at 3280, and the strong support below is around 3180. On the one-hour chart, the price has a certain rebound after hitting the bottom of 3250 support, but if the current price cannot successfully break through 3300, it may test the bottom support again.
Based on the above suggestions, Ethereum's intraday operations are mainly range operations.
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