Market Review:
Last week, the market continued its weak and volatile consolidation trend, with no substantial breakthrough in the market. Although there is a certain downward advantage, it has not been extended significantly, and the current market is still running within a box. Yesterday, the market fell below the 29,000 mark again.
Market analysis:
In the 4-hour technical structure, the opening of Bollinger Bands shrinks, and the K line runs below the middle track. The bull volume can gradually increase, the KDJ three lines run together, and the K line shows a step-by-step pause. The overall trend is relatively slow and does not show much volatility. There is a lack of sustained inertia between rises and falls. In the short term, the support below is still effective, and the market is expected to rebound. In a volatile market, the focus is on grasping the range. Pay attention to the pressure on the upper track of 29500 during the day. If the space and amplitude are small, short-term operations should not be excessively pursued to avoid frequent saw-saw-like washouts.
Operation suggestions:
BTC: near 29,000, the target is near 29,500
ETH: Multiple targets near 1820, looking at 1870
