Weekly analyze of crypto market (May 2-May 6)
This week, the crypto market was in a downtrend.
BTC’s week k-line continued its fluctuated downward trend after rise to new lows. The day K-line downward channel broke down, and the potential double-bottom reversal structure was destroyed. The long will regain the advantage when the day k-line come back to be above 38500. the support range is 33500-34500, the pressure range is 38500-40000.
BTC
The ETH weekly line has closed out the K line with the upper shadow center of gravity moving down, no stop signal, the downward momentum remains unchanged. the day k-line rebound is blocked, MA120 falls back. At present, it has broken the recent low point slightly, and the trend is stronger than the market. The critical level is 2850, the support rang is 2450-2550, and the pressure range is 2900-3000.
ETH
The grid and Martin strategy are suggested for spBTCot, and the SMT strategy for futures.
(For reference only, plz invest rationally)
BTC’s week k-line continued its fluctuated downward trend after rise to new lows. The day K-line downward channel broke down, and the potential double-bottom reversal structure was destroyed. The long will regain the advantage when the day k-line come back to be above 38500. the support range is 33500-34500, the pressure range is 38500-40000.
BTCThe ETH weekly line has closed out the K line with the upper shadow center of gravity moving down, no stop signal, the downward momentum remains unchanged. the day k-line rebound is blocked, MA120 falls back. At present, it has broken the recent low point slightly, and the trend is stronger than the market. The critical level is 2850, the support rang is 2450-2550, and the pressure range is 2900-3000.
ETHThe grid and Martin strategy are suggested for sp
BTCot, and the SMT strategy for futures.(For reference only, plz invest rationally)
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