After last week's [volatility hit a new low in the first half of the year], the market continued to "remain silent". After the 4-12H low signal was released on the 2nd of last week, the market did not rebound strongly, but instead tested upward and then returned to the oscillation range.
And the market continued to fluctuate over the weekend. Currently, Bitcoin has been stuck at 29,000 for about two weeks.
Judging from the daily line of Bitcoin, after two weeks of operation, it has approached the daily trend line. Even if it continues to move sideways this week, it will reach near the support level. Currently, the price is between 28,500 and 29,000. This week, we will focus on the direction selection near the support level.
If the trend line is broken this month, the upward trend in the first half of the year will be broken, and the rise of the daily line will come to an end; and if the market rebounds at the support level after the end of this week, it will be the fourth time that the market has rebounded at the support line, and the market has a chance to get back on the trend.
As volatility continues to decline, the market's popularity has also reached a freezing point. At this time, we must pay attention to the possibility that a "big volatility" may be coming. Either it will explode in silence or it will perish in silence. Who will you choose? In addition, after a week of operation last week, ETH also showed a 4-12H low signal in the oscillation range. If the market continues to fall sideways, there will be a new rebound in the short term under the influence of the low point.
In addition, the current ETH/BTC exchange rate is near the 12H short-term support line, which indicates that there will be "big fluctuations" in the near future; if it falls below, ETH may lead the decline, so pay attention to the risks; and once it gets support, the rebound above will have a chance to return to 0.065 and lead the market.
It is recommended that those who are not in a hurry can patiently wait for the market to move in a new direction. The upper trend pressure of the big cake is 30,000. If the price can return to the trend, we will consider going long, but we are still in the short position. Within the influence range of the weekly high, it is still recommended to go short at high and go long at low. $BTC $ETH
