Bitcoin, Ethereum weekend market trend analysis


This weekend is a bit unusual, the market fluctuations during the weekend are even greater than on weekdays. Bitcoin has been grinding these past few days, neither going up nor down, and I believe friends holding long positions in Bitcoin must be feeling quite uncomfortable! I also hold a long position in Bitcoin, but I haven't let the grinding of Bitcoin ruin my confidence; I firmly hold my long position in Bitcoin. Why? Because although Bitcoin hasn't gone up, it hasn't gone down either? Have you ever thought about it? Every wave of the market, every rise requires accumulation of strength, and the longer the accumulation, doesn't that mean it can fly higher?
In the past few days, Bitcoin has had no trading volume. When there is no volume and it can still hold steady without falling, isn't that a sign of an upward trend? Bitcoin has recently tested the resistance level near 117500 twice without breaking through. Today, it broke through upwards, then retraced to around 117500 before rising again. The resistance levels for Bitcoin today are around 118700, 119300, and 120300, while the support levels are at 117500, 116000, and 115500.
Ether has broken through 4000, reaching a high point in recent months. Some altcoins have also begun to show signs of rising slowly. For those holding altcoin spot, it might be worth waiting a bit longer; Ether's upward momentum is not over yet, so let's give the market some time! Today, the upper pressure for Ether is around 4330, while the lower support is at 4150, 4010, and near 3880. The area around 3880 is suitable for betting on long positions in Ether. The upward trend of Ether is very strong, so we won't consider short positions; instead, we will look for lower positions to place long orders. When the position is right and we feel it's appropriate, we will take action. The remaining time can be used to observe how Ether moves and see if there are any false breakouts or false breakdowns.
Give the market time, and also give yourself time.
Thank you all for your attention and support! #ETH巨鲸增持#
BTC-0.38%
ETH0.13%
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