#行情分析

Today let's talk about Bitcoin and Ethereum together. The bullish volume on the 4-hour chart has emerged, but the price hasn't gone up. From the trading volume perspective, there hasn't been much significant movement from large funds. Looking at the candlestick patterns, there aren't any obvious top or bottom formations. Friends who are looking to go long in the short term should pay attention. Although Ethereum has shown an upward range, its resistance level is actually at 4070, not 4000, which was mentioned yesterday. It is estimated that Sunday will also be passed with fluctuations.

Overall, the decline is far from over. As emphasized in previous articles, the price of Ethereum is expected to break 3500, while Bitcoin is likely to drop below 10, reaching around 9.5. Those with high position short orders should continue to hold.

Then everyone take a look at the weekly level. Since the death cross of Bitcoin's weekly chart started in 2021, the trend speaks for itself. I want to emphasize that I am neither a bull nor a bear. In my eyes, there are only buy points and sell points. Also, I do not engage in short-term trading. Learn to wait; the trend will eventually become perfect.