This article is exclusively analyzed by Baiqi & Guanyuyu, representing the exclusive viewpoints of Baiqi & Guanyuyu. 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. Please bear the risks and indicate the source when reposting. Reasonably control your position when trading, and do not overexpose or go all in. For more cryptocurrencies and spot strategies, please follow the official account.
BTC
Yesterday's Review: BTC fell to 53300 yesterday and rebounded strongly to 57000.
Recent Focus: The upper range is 59700-58800, and the bottom needs to focus on the support range of 54850-54150.
Structural Form: After the rebound, it is in a sideways repair state, with support in the range of 54850-54150 below.
Points to Note: The price rises to test 58800, and falls to test the support range of 54850-54150.
Long Position: If the entity does not fall below the 54850-54150 range, go long when a bottom formation signal is given on the 5-minute or 30-minute chart.
Short Position: If the rebound entity does not break through the 59700-58800 range, go short when a top formation signal is given on the 5-minute or 30-minute chart.
Key Focus: The price falls to test the support range of 54850-54150.
Personal View: After falling to 53300 and rebounding, the sideways movement is for structural and indicator repair. Currently, there is still a lot of downward space for the weekly and monthly charts of BTC, but it may not necessarily continue to decline immediately in the near future. The personal insight into the market is the oscillation between 58800 and 53300, which allows for arbitrage. Near 58800, open a short position and target 53300; near 53300, open a long position and target 58800.
ETH
Yesterday's Review: After the price fell below 2800, it accelerated upwards and is currently testing the previous low point.
Recent Focus: The upper range is 3120-3170, and the lower range is 2920-2860.
Structural Form: After falling to 2800, it did not break the low point on the second test, forming a bottom.
Points to Note: The price rebounds to test the top range of 3120-3170, and falls to touch the support range of 2920-2860. Also, the breakthrough of the two yellow slope lines accelerates the market.
Trading Ideas:
Short Position: Go short if the rebound entity does not break through the 3120-3170 range. Go short when a top formation signal is given on the 5-minute or 30-minute chart.
Long Position: Go long if the entity does not fall below the 2920-2950 range. Go long when a bottom formation signal appears on the 5-minute or 30-minute chart.
Long Position: Go long if the entity does not fall below the 2860-2820 range. Go long when a bottom formation signal appears on the 5-minute or 30-minute chart.
Key Focus: Whether the support range of 2920-2860 is effective.
Personal View: ETH has bottomed out at 2800, and although there are still two points at 2500 and 2100 below, it is not likely to continue to decline at the moment. Personally, I believe that the main trading strategy at the moment is to go long on pullbacks. When the price is close to 2900, open a small long position, control the position between 1-2%, and after making a profit, set the stop-loss to breakeven and directly target the range of 3100-3200 above, with a total profit of about 10%.
The analysis strategy is time-sensitive, please refer to the real-time guidance on the official account!
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