Bitcoin opens up the trend of exchanging time for space, while Ethereum's upward trend is stable
Twitter user @jiamiying posted:
BTC closed a small positive line yesterday. What is more obvious in the short term is the trend of using time to exchange space. Let the 5-day moving average and other daily moving averages slowly move upward to fully change hands.
Regarding the current trend view: During the upward shock, there will occasionally be a correction of about 10%, and finally it will continue to fluctuate upward. In short, the general bullish direction remains unchanged.
Strong pressure: near 69000; support: near 57600; near 53900;
long-term entry point for newcomers: near 57600; near 53900;
long-term replenishment point: near 48500;
ETH: The upward trend in small steps along the 5-day moving average is very stable. The trend in the two days over the weekend is expected to be stronger than that of Bit, and we are optimistic about the market outlook.
Strong pressure: near 3580; near 3900; support: near 3365; near 3198; near 3010;
long-term entry point for newcomers: near 3198; near 3010; long-term replenishment point: near 2665;
Position management configuration suggestions: long-term BTC, ETH account for about 60% of the total position; bull market exit point: to be determined;
The information and data in this content are derived from publicly available information, and we strive to be accurate and reliable. However, we do not guarantee the accuracy and completeness of the information. This content does not constitute investment advice. If you invest based on this, you are responsible for your own responsibility.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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