BTC, ETH analysis and operation strategy


[Heart]BTC rebounded as expected last night and reached the target of 66000. Currently, the trend line reversal point is at 67400. Only when the long chart breaks through and stabilizes above will the rebound continue. At that time, there will be a surge in altcoins on Saturday and Sunday. If it cannot effectively break through and stabilize above the resistance level here or fall below the support of 64500, there will be a retracement of the fifth wave in the future. The first support below is 62800-63200, and the strong support is near 60000-61000.
[Love] ETH provided a second opportunity for entry last night. Due to the short-term weak trend caused by Grayscale selling pressure, which is related to the previously mentioned Grayscale turnover, ETH is still far from the reversal level of 3340. At the bottom, it needs to continue to consolidate before starting a further pump. In the short term, pay attention to the support level of 3150 and if it doesn't break, longs will continue the rebound. Once the level is broken, ETH will also undergo a second confirmation of the retracement.
[爱心]Spot operation strategy:
1: For those who bought in the early session yesterday, if you want to do swing trading, use 64500 as the defensive position. The upper target is 66500/67400. If the fall breaks the defensive position or the Rebound does not break the resistance level, short-term swing trading can reduce position, and continue to buy after the support is tested. (Short-term advice: flexible positioning for swing trading to prevent sudden market fluctuations)
2: Yesterday morning, if you do not want to do swing trading, you can continue to hold Margin Replenishment. If BTC does not reverse and retest in the future, you can consider adding all remaining second-hand Positions when the fifth wave is formed.
3: ETH wants to do short-term swing trading with 3150 as the defense, targeting the 3280/3340 resistance levels. If the rebound does not break the pressure or falls below the defense on the retracement, you can reduce the position for short-term swing trading. If you want to continue holding for the long term, you can do so. If you want to continue to increase the position, wait for a second retracement to 2950-3000 to continue adding.
BTC-2.1%
ETH-3.2%
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