I thought there would be some trend this week, but the result is quite different. The sluggish market in the cryptocurrency market has an inevitable causal relationship with the current environment.

Looking back at this week, the price channel has not been able to open fully. The upper pressure and lower support give us little room for operation, but risks and returns coexist. When the profits we gain from entering the market are smaller, the corresponding risks we bear are also decreasing. So this is also an opportunity for those who are new to the cryptocurrency circle to try it themselves!

To be more specific, 30500 above the Bitcoin is a suppression level, and the bottom support is at 28500. The suppression level above Ethereum is at 1880, and the support is at 1800! Combined with the previous high point, it cannot be broken through at this stage, which shows that it is still in a bear-dominated phenomenon. Therefore, our thinking in the future market is still based on high altitude! As for your ideal target point, you can make a layout according to the market! Small profit is also profit!

ETH: Short around 1860-1880, target 10-20 pips

BTC: Short around 29800-30000, target 300-500 points

When placing orders, control your positions properly and do not operate with heavy or full positions. Investment and financial management is not a matter of one day or one night. Losses in the early stage do not mean losses in the later stage, and profits in the early stage do not mean profits in the later stage. Therefore, friends who lose money should not be discouraged, and friends who make profits should not be complacent. Let yourself invest rationally with a peaceful mind. Haoyu will give accurate analysis and reasonable suggestions to help friends in trouble solve problems and friends in good times achieve better results. I hope that my analysis, like a lighthouse, will guide you in the vast cryptocurrency market. #fdusd #Multichain #Multichain