Click on the link to enter the meeting: https://meeting.tencent.com/p/6321551049
The current price of ETH fluctuates within the range of $2980 to $3200, with a 24-hour decline of about 6% -8%. The overall decline this week is about 17%, with the lowest reaching around $2940 (a 4-month low). The market sentiment is extremely panicked, with a fear and greed index of 10 (extreme fear), but there are positive signals such as whale accumulation and Fusaka upgrade expectations.
The current price of BTC fluctuates within the range of $91000 to $95000, with a 24-hour decline of about 2% -3%. The overall decline this week is about 10% -12%, with the lowest reaching around $89142 (a 6-month low). The market sentiment is extremely panicked, with a fear and greed index of 10-17 (extreme fear), but there are positive signals such as whale accumulation and institutional holdings.
1: In the near future, we will be cautious and defensive in our single position. We will be bearish in the short term (affected by news and the downward trend of the K-line) and wait for confirmation of the rebound signal at the support level before going long. Short position (bearish suggestion): Entry point: Price surges to near the pressure level of $3200, short position (stop loss set at 5 points above $3220), second pressure focus on 3330-3350; The bearish target can be seen around 2800. BTC target lost 90000, see below 88000 to repair gap
2: We need to continue to pay attention to the daily RSI level, as BTC/ETH continues to reach oversold areas and there is a possibility of divergence. We should be alert to rebounds, and when entering the market, we need to do a good job of stop loss and not blindly carry orders.
Tonight, we will focus on explaining the application techniques of the Fibonacci retracement line segment, EMA, RSI, and MACD indicators. Welcome to interact!
Tencent Meeting: 6321551049
Disclaimer: The above content only represents the author's personal opinion and is intended to assist investors in understanding information related to the capital market. It does not constitute any investment advice and does not represent the position or viewpoint of AiCoin. The market is risky and investments should be made with caution.
