This column focuses on sharing major mainstream cryptocurrencies such as BTC/ETH/EOS/XRP/ETC/LTC/DOGE. Follow the public account "Yanbi" to avoid getting lost and enjoy more service guidance.
Compared to other cryptocurrencies that are still oscillating at the same price levels, Bitcoin has started to make a slight recovery.
This is a very good sign for the bulls. Recently, the overall market's desire to decline is not strong; it is just difficult to break through due to the drag from Bitcoin.
As the big brother of the entire market, as long as Bitcoin can shake off its previous weak state and lead to an effective increase, Thursday and Friday will definitely be a breakthrough point for the bulls.
Ethereum's recent pullback has also raised its bottom again.
The desire for Ethereum to rise is very evident, accompanied by multiple higher bottoms and continuous upward oscillation. However, due to the overall market weakness, it has been difficult to stabilize above 2700.
If Bitcoin can strengthen this time and Ethereum stabilizes above 2700, then it will head towards the previously tested resistance level of 2850 again.
The recent short-term increase has moved the small support up to 2670-2650, while the overall support remains at the 2600-2550 range.
If you haven't entered the market yet, consider doing so. Long positions can be divided into two categories:
Use a cost-averaging strategy: enter at the small support first, then add to the position at the lower cycle support, with an overall defense at 2500.
Enter in batches for short-term trades: enter at the small support and set a defense of around 50 points. If it breaks down, then pay attention to the overall support range for entry, with the final defense also at 2500.
PS:
There really isn't much to say about the current market.
As long as you are not chasing highs and cutting losses, you can handle it calmly.
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