Trend analysis of mainstream currencies this week

This week, the mainstream currencies showed an overall trend of weakness, and BTC did not maintain the strength of last week. We will wait for the opportunity to rebound after the market falls.

bitcoin

bitcoin

This week, the market is still hovering between the recent trading ranges, and the central axis is roughly at the 50% percentile. The $12,500 suggested last week has become the pressure on the market. After the market falls this week, it is necessary to find where to get support. The trading volume at the 61.8% percentile has been enlarged. Pay attention to whether this position can become a small bottom. If this position is not supported, then you will have to face and test the trend of $9,060.

Ethereum

Ethereum

After being hit by the 30-day moving average on the ETH trend, the rebound was weak and it broke a new low. However, when it broke down, the trading volume did not increase significantly. Here we need to pay attention to whether the overall mainstream currency market can stop the decline or there will be a strong leading currency. Effectively activate the market's long-term enthusiasm, otherwise it will inevitably lead to a negative trend.

Grapefruit

Litecoin

Litecoin

Compared with the daily chart of LTC, LTC tried to attack the 30-day moving average, and then was suppressed. It is between the strongest BTC and the weaker ETH and EOS. Then the follow-up trend will be a game of saving funds.

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