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In the just past weekend, the cryptocurrency market presented a complex pattern of fluctuation. BTC's trend was relatively stable, maintaining a sideways fluctuation trend overall, with a narrow fluctuation range and relatively low market activity. In stark contrast, Ethereum performed very well, with prices fluctuating and rising all the way, repeatedly challenging previous highs, demonstrating a strong rising trend. However, despite Ethereum's strong performance, its multiple highs did not effectively drive the trend of BTC, which instead showed a trend of downward fluctuation. At the same time, some altcoins also showed a more obvious upward correction and rising trend. Now, we are entering the last week of this month. Looking back at the entire month, the market has been repeatedly contested by both long and short sides, and the trend has been agonizingly entangled. At the end, it is expected that there will not be a significant fluctuation. We just need to stick to our original intention, deal with market changes, and there should be no major issues.



In the midnight yesterday, the BTC market remained calm, with prices oscillating within a predetermined range. The coin price dipped to the 95222 level in the midnight period, followed by a slight rise, reaching as high as 96239. The current market sentiment is extremely tense, with bulls and bears fiercely competing at key price levels, causing repeated tugs-of-war. However, the coin price was ultimately suppressed and fluctuated at a low level. Looking at the trading volume, the overall performance is relatively weak, with no clear signs of increased volume for long positions. In short-term operations, it is recommended to focus on layout around the high and low points of the range, and try to avoid operating at the middle price levels, as the market is characterized by frequent fluctuations, making both long and short operations highly vulnerable to losses. Currently, BTC is still in a triangular convergence consolidation phase and will need some time for adjustment and repair in the short term. The key short-term support level is in the range of 94000 - 93500, with weak rebound strength and volume once again falling into a slump. This indicates that the current market is in a phase of fund game, and caution is needed for long positions in the short term.

On the Ethereum side, after touching the low point of 2771, the market quickly rebounded, rising to the high point of 2859, and then slightly fell back. From the current technical analysis, in the four-hour timeframe, Ethereum maintains an overall upward trend, with the price rebounding and forming a short-term consecutive upward trend. The bearish momentum continues to shrink, and the moving average system presents a clear upward trend. From the perspective of the trend, there is still a demand for upward movement in the short term for Ethereum. In the one-hour timeframe, after a round of decline, the candlestick chart shows the need for short-term recovery and upward movement. It has already shown a clear consecutive upward trend, with the bullish momentum gradually releasing energy, and the moving average showing a clear divergence pattern. Although Ethereum has not effectively stabilized after the short-term rise, from the perspective of the trend, the short-term pullback is only preparing for the subsequent high. Therefore, in terms of trading strategy, it is recommended to go long at the low level to participate in the market trading.
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The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
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