Weekend crypto market shock warning: Bitcoin and Ethereum sell high and buy low, accurately grasp the short-term opportunities!
Yesterday, the market trend was weak, and many highs failed to stabilize the key points. In the evening, I reminded everyone to leave the market to avoid risks. But even so, Bitcoin long orders still made an astonishing profit of 1,500 points, and Ethereum long orders also gained a hundred points!
However, judging from the current trend, the pressure on the market is still heavy. Although the price fell deeply in the early morning, it did not fall below the important support level. Therefore, the market is likely to continue to fluctuate this weekend, and it will not be able to stabilize the key long and short points. Short-term investors can seize the opportunity to sell high and buy low.
For Bitcoin, the upper suppression points are mainly concentrated in the four-hour MA7 moving average of 66,400 and the four-hour MA240 moving average of 67,000. These two positions failed to stabilize after multiple attempts yesterday, so they can be used as the high suppression points of the weekend. If it cannot stabilize, it will be a wise choice to go short directly. For the support below, we need to pay attention to the four-hour MA360 moving average of 65700 and the key support of 65000. These two positions will be the last line of defense for the bulls.
For Ethereum, the upper suppression points are mainly concentrated near the four-hour middle track suppression of 3500 and the upper MA30 moving average of 3530. These two positions have become high points yesterday, and the MA30 moving average played an important supporting role in the previous trend. Therefore, whether the moving average can stabilize in reality will be the key to whether the bulls can continue. The short-term support below 3470 is the four-hour MA240 moving average support, while the key support 3430-3360 is the daily lower track and MA60 moving average support, which should not be underestimated.
In short, the crypto market will continue to fluctuate this weekend, and investors need to remain vigilant and accurately grasp the short-term opportunities of selling high and buying low. Be cautious in operation and avoid blindly chasing ups and downs!
