This article is exclusively analyzed by Baiqi & Guanyuyu, representing their exclusive viewpoints. They have in-depth research and practical experience in BTC, ETH, and various altcoins. Due to the timing of the article, the following viewpoints and suggestions are not real-time and are for reference only. Readers should bear the risks and indicate the source when reposting. It is important to control positions reasonably, avoid heavy or full positions, and pay attention to more cryptocurrencies and spot strategies by following the official WeChat account.
BTC
Yesterday's Review: Yesterday, it fell to test the 60000 support, rebounded to 61000. Currently, it is falling back to test the 60600 support.
Recent Focus: The upper range is 64500-65000, with the middle support at 60600. At the bottom, it is necessary to see if the 59700-58800 range can provide effective support.
Structural Form: In the chart, it can be seen that the 62500 level formed a M-top, and it retraced to the support at 59700-58800.
Points to Note: If the price falls below 60600, pay attention to whether the 59700-58800 range provides effective support. Also, watch for the upward test of the 22500 M-top pressure.
Long Position: If the 59700-58800 range retracement does not fall below, and a bottom formation signal is given on the 5-minute or 30-minute chart, consider taking a long position.
Short Position: If the rebound in the 62000-62500 range does not break through, and a top formation signal is given on the 5-minute or 30-minute chart, consider taking a short position.
Key Focus: Pay attention to the price falling below 60600 and the test of the 62500 range pressure.
ETH
Yesterday's Review: It fell to test the 3355-3330 range and then rebounded, reaching the resistance at 3400 before falling back.
Recent Focus: The upper range is 3460-3480, with the middle at 3350-3330, and the lower range at 3260-3220. It is important to see if the area near 3430 can serve as an effective resistance.
Structural Form: In the chart, it can be seen that a head and shoulders pattern has formed at the top.
Points to Note: If the price retraces to the head and shoulders neckline at 3355-3330, pay attention to the potential acceleration of the upward movement if 3430 is breached, and watch for touching the support range at 3260-3220.
Trading Strategies:
Short Position: If the rebound in the 3460-3480 range does not break through, consider taking a short position when a top formation signal is given on the 5-minute or 30-minute chart.
Short Position: If the rebound in the 3430-3400 range does not break through, consider taking a short position when a top formation signal is given on the 5-minute or 30-minute chart.
Long Position: If the retracement in the 3355-3330 range does not fall below, consider taking a long position when a bottom formation signal appears on the 5-minute or 30-minute chart.
Long Position: If the retracement in the 3260-3220 range does not fall below, consider taking a long position when a bottom formation signal appears on the 5-minute or 30-minute chart.
Key Focus: 1: Whether the support in the 3260-3280 range is effective. 2: Whether the head and shoulders neckline is breached to accelerate the downward movement.
The analysis strategy is time-sensitive. Please refer to the real-time guidance on the official WeChat account for specific information!
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