Advanced Technical Analysis of Bitcoin and Ethereum

BTC woke up today and directly plummeted to the first extreme point of 94188 mentioned by Sanma Ge before he went to sleep yesterday. However, the current rise is not ideal, having only climbed to around 94600. Because the early morning trading did not open today and there was no trading volume, according to Sanma Ge's time-based strategy, the real market activity should start from 16:00 to 00:00.

We need to pay attention to Bitcoin's 4-hour upward trend line, which is around 94000. After testing, it is indeed rebounding, and this trend cannot break down significantly as a prerequisite. If it breaks down, the condition for triggering a bearish outlook would start with 89. Of course, the advantage of right-side trading is that it occurs at the moment, rather than you predicting it in advance. So what if there is no real market activity on the right side and a false breakout occurs? Your only countermeasure is a decisive small stop loss and then to reverse and take advantage.

ETH is currently facing a significant resistance level at 1830, and the exchange rate did not break through the trend line over the weekend, and is still under pressure. #BTC