Bitcoin (BTC) analysis:
From the daily level observation, yesterday's price hit a new high, and the real positive line closed slightly above the 1105 level. The volume enlargement was not significant enough. At present, it is only a preliminary breakthrough of the top area. The current form cannot be confirmed as an effective breakthrough, and there is a "false breakthrough" risk signal.
To confirm the strong bullish structure, the following must be met: the volume continues to increase, not less than the previous top volume, and the price maintains 2-3 positive lines to close. The macro environment prompts that we need to be vigilant against the "lure trap"
The key defensive position for bulls: 107 level.
4-hour level observation: After a large increase of nearly 3,000 points in the early morning, it entered a slow decline, and the slow decline was accompanied by a shrinking volume, indicating that: the main funds have not withdrawn on a large scale, the short-term follow-up buying is insufficient, and the market lacks continuous upward momentum. The main force may be in a high-level test stage and adopt a wait-and-see attitude. In the future, we need to pay attention to whether there will be a second breakthrough with large volume.
Intraday trading strategy
Upper pressure range: 1115-1125 (consider shorting)
Lower support range: 1093-1103
Analysis of Ethereum (ETH)
From the daily level observation, yesterday's large volume broke through the 2650 resistance level and closed with a real big positive line, which is an effective breakthrough pattern, in line with the technical logic of "breakthrough-change-upward". There is still upward momentum in the short term, and it may test the previous high of 2879. Be wary of the possible impact of Bitcoin's short-selling trend on ETH and altcoins.
From the 4-hour level observation, two high-level cross stars appeared in succession after a sharp rise of 150 points in the early morning, reflecting the fierce competition between long and short positions. If it cannot break through quickly, a short-term top may be formed. The prolonged consolidation time at high levels will lead to loose chips. Once a callback may fall sharply, it is currently in the adjustment stage after the high rush, and the upward momentum is weakened.
Key observation points: Can the volume break through the two technical nodes of 2790 or 2820
Intraday trading strategy
Lower support range: 2750-2720
Upper pressure range: 2790-2820#趋势交易策略 #币安HODLer空投LA