Bitcoin (BTC) operation strategy and market analysis
Recent focus range
Upper pressure range: $68400-69200
Support range below: $65850-66150
Key support range: $64,500-65,000
At present, the market bottom still needs to focus on whether the $64,500-65,000 range can form effective support.
Structural morphology analysis
As can be seen from the figure, the lower support area has formed a bottom pattern, and the K-line forms a converging triangle with the bottom range within the yellow slope line 1.
Precautions
Slope line breakthrough: If the price breaks through the yellow slope line 1 in the figure, it is necessary to pay attention to whether the slope line forms effective suppression and the accelerated upward trend after the breakthrough.
Operational Strategy
Long order strategy:
The pullback in the $65,850-66,150 range did not fall below the entity. Go long when the bottom pattern signal appears in 5 minutes or 30 minutes.
The pullback in the $65,000-64,500 range did not fall below the entity. Go long when a bottom pattern signal appears in 5 minutes or 30 minutes.
Ethereum (ETH) operation strategy and market analysis
Recent focus range
Upper pressure range: $3565-3600
Support range below: $3380-3360
Key support level: $3,280
It is necessary to pay close attention to whether the above $3,660 can serve as an effective pressure level.
Structural morphology analysis
The figure shows that the yellow slope line 1 and the $3380-3400 range form a convergent triangle, while the $3580-3600 range forms a short-term support platform.
Precautions
Price breakthrough: If the price breaks through the yellow slope line 1, it may trigger an accelerated upward trend. Conversely, if the price falls below the yellow slope line 1, it may trigger an accelerated downward trend.
Operational Strategy
Short order strategy:
Go short when it rebounds in the $3565-3600 range and fails to break through the entity; go short when a top pattern signal appears in 5 minutes or 30 minutes.
Long order strategy:
Go long when it falls back in the 3380-3360 US dollar range and does not fall below the entity; go long when a bottom pattern signal appears in 5 minutes or 30 minutes.
Go long when it falls back in the $3280-3300 range and does not fall below the entity; go long when a bottom pattern signal appears in 5 minutes or 30 minutes.
Focus
Support Verification: Pay attention to whether the support in the $3380-3360 range is effective.
Price breakthrough: Pay attention to the accelerated rise after the price breaks through the yellow slope line 1.
Extreme support range: $3300-3280.
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