BTC/USDT review analysis

BTC/USDT review analysis

As mentioned in the previous report, follow up to observe the situation of the 54000 first-line pressure turning into support. If this position is firmly established and successfully converted into support, the next target will look at 56600, the starting point of the previous heavy volume drop. Otherwise, it will constitute a false breakthrough. Observe the relay head below The bottom of the shoulders and the neckline are around 52,000. As shown in the figure, since the previous report, Bitcoin has experienced a large-scale decline at the high point of the previous downward rebound, with a drop of nearly 3,000 US dollars, but it quickly recovered to above 54,000 and did not fall below the relay head-shoulders bottom-neck line , Therefore, maintain the view of the bullish pattern, the shrinking rebound after the current decline, the volume can be weak. Follow up to observe the short-term shock interval formed by the upper and lower edges of 55813 and 53134 of the 4H level heavy falling negative column, pay attention to the breakthrough of the interval, and still pay attention to the neckline at 52000 below.

As mentioned in the previous report, if Binance Coin successfully breaks through the upper track of the convergent triangle, it will reach the previous high around 280. As shown in the figure, since the last report, Binance Coin has broken through the upper track of the convergence triangle. Although it encountered some resistance around 270, it quickly reached the expected 280 position in the short term, and even surpassed the expected 300 integer pressure level. Follow up to observe the pressure from the previous high of 280 to support. If you stand firm at this position, look at the next target at the previous high of 309.5. On the contrary, pay attention to the demand zone 240-248 formed when breaking through the structure. There is a certain downward resistance at this position.

DOT/USDT review analysis

As shown in the figure, although Polkadot successfully broke through the triangle and converged upwards, the stepping back was so large that those who were in the game at the time inevitably suspected that it was a false breakthrough, and it just stepped back to the short-term demand zone 35.2-36.4 formed after the breakout structure. The upper part has triggered the upper track of the weekly-level pregnant line structure, and we can focus on looking for long opportunities during the week.

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