QKL123 investment research: Bitcoin inertia covers the weekly shadow line, the second probe confirms short-term pressure

Market overview:

Following the previous report, the range of the CME Bitcoin gap this week is 23710-26645, and there is a certain probability of covering it. So far, it has been covered to 26080, with a covering space of 565 US dollars; with the momentum of the weekly level, the momentum has been increased today. The shadow lines on the weekly line are all covered. In addition, the position of OKEx futures contracts has been greatly reduced this afternoon, and there is a greater risk. Although market sentiment continues to rise, it is necessary to beware of the risk of high leverage brought about by the market's drop at any time.

BTC/USDT review analysis

As shown in the figure, Bitcoin once again formed a triangle convergence around 27,000, and was supported around 25,700 as mentioned in the previous report, and then the previous high pressure level of 28,422 formed by the second exploration overbought, although it did not effectively break through the previous high, or even did not stop Up to 28,000, but the price part of the shadow line on the line last week has been inertially covered; at the same time, the second probe confirmed the short-term pressure level of 28,500. If it stands firm at 28,000, there is a chance to continue to rise. The short-term support below is around 27,000, and it is still observed in the medium term Around 25700 and 24700.

ETH/USDT review analysis

As shown in the figure, Ethereum has formed an ascending triangle pattern since it broke through the 670 line, and the volatility has gradually decreased. Although it is currently a bullish pattern, the triangle has gone through 3/4 of the range. If there is no breakthrough in the future, the effectiveness of the ascending triangle will continue to decrease. Specifically The trend also needs to refer to the trend of Bitcoin; the upper edge of the upper triangle at 748 is short-term pressure, the lower short-term support is around 670, and the mid-term focus is on the support strength of the 635-636 range.

DOT/USDT review analysis

As shown in the figure, Polkadot has performed outstandingly in the market in the last two days, with a rise of more than 50%, which is mainly driven by events. On the one hand, it is affected by the auction of Polkadot slots. The pledged mining model has a greater impact on the circulation of chips in the market; the vicinity of 6.8 and 6 below is short-term support, and in the medium term, focus on the support strength of the 5.1-5.2 range.

This article is for reference only and does not constitute any investment advice