Good morning everyone, this is Haige's Bitcoin Wealth Channel!
Bitcoin has been trading sideways for a long time at the current level. The failure to break through 38500 has caused a serious divergence in the technical aspect. On the daily chart, the price of Bitcoin has shown a serious divergence with the fast and slow lines of the attached indicators. The only thing that cannot confirm the bearish trend at the moment is the gradual increase in the volume of the MACD bearish trend. It is already difficult to determine the long and short positions based on the technical aspect on the daily chart. On the 4-hour chart, the MACD bullish volume is weak, and the long position is given near 37200. Haige suggests paying attention to the possibility of a dip to 36500.
Looking at Ethereum, there is obvious weakness on the daily chart. Currently, the 2000 level on the daily chart has strong support for the reversal of the top and bottom. For those who have positions today, they can pay attention to this level for taking profit or defending. The 2080 level on the 4-hour chart has become a strong resistance. For those who have positions, they can also pay attention to this level for defense or taking profit. Overall, the 4-hour chart of Ethereum gives a very weak bullish feeling, but the situation of quick support and rally occurs every time. As the monthly candlestick is about to close, both long and short positions have their reasons. Short-term contracts need to be grasped in real time based on the market conditions at that time.
As the market goes, Haige is here! A gentleman keeps his abilities hidden and acts according to the situation. When there is a way in the world, it is visible; when there is no way, it is hidden!
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[This article is original by (Zongheng Coin Hai vlog). The article review and release may have a lagging strategy and does not have timeliness. The above analysis content only represents the author's personal opinion and does not constitute specific operational advice. Trading based on this is at your own risk. Investment carries risks, and market entry should be cautious. Specific operations are subject to Haige's real-time strategy. Meeting is fate, and Haige is a person who believes in fate!]
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