How to place orders in the weekend's small range oscillation market,
Can long orders be accepted for Bitcoin and Ethereum after two bottoming out?
The daily K-line shows that the price has experienced a sharp decline recently (the big negative line on August 2), and is currently in a oscillating consolidation stage.
The hourly K-line shows that the price has been blocked many times near 62,000, and there is a certain pressure in the short term.
In the short term, whether it can stand on the 62,200 line, there is still hope to move up.
There is no obvious signal of volume expansion and contraction in the market. The market lacks direction for the time being.
The 60,000 mark is an important watershed between long and short positions. Let's see if there is a chance to bottom out again at the weekend, and whether there is a chance to intervene in long positions at 59,200.
In the past few days, the market of ETH has also risen during the day and fallen sharply at night. The trend is whether the short weekend market will touch the line near 2800. It mainly depends on whether this line can be maintained. Then, the long position can be intervened at about 2800-2850.
