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Weekend holidays do not see much movement, slightly biased towards the negative side, but the current site is not suitable for selling. For short-term purchases, btc 69600-68800 is at a low with a low percentage, 1/10 of the stake can be used to buy low batches. If you want to sell, you should wait for at least a recovery to 70550 or higher for a safer purchase. Yesterday evening, after rebounding to 71650, the withdrawal back to nearly 68800, a decrease of 2850, a recovery of 1750 points is a normal range. Today, on the weekend holiday, only about 1080 points were recovered. You should wait until the opening of the American markets next Monday to start high fluctuations and low buying opportunities.
ETH is generally declining, and the currency is in a state of extreme weakness. Once 2800 is broken in August, this currency is almost stopped. Short wins in highs more than long because if you increase the range slightly, and increase the average cost, it is easy to fall into the hold trap. Current support is trading at 2460, the highest level for last year and the starting point for the 3-4k attack in the first quarter of this year. It is considered the dividing line between bears and bulls, and the ETH price has long oscillated around this level. If the support is broken strongly and the medium-term price rises to 2800, then 2460 is the maximum ceiling for ETH and support will move to less than 2380. Performance should be monitored in the coming week. Short-term resistance ranges from 2560-2580, and support from 2466-2444. Over the weekend, 2496 or less is considered low and cannot be traded, and one must wait at least until 2536-2560 to open a short-term position.
In the recent days, support has been found around 164.50, it can be bought again on the decline around 165.50-163.25, resistance at 169. After breaking 160, the price may bounce back around 158. Around 158 is the dividing line between the rise and fall of sol, here is strong support, as long as it is not effectively broken, one should not look for naked selling, but should take advantage of the decline. It is closely related to btc, most of the time, when btc is strong, it is also strong. There is a pattern, that whenever the rise period for btc approaches the end, sol will turn first, then btc will turn again, it can be said that btc follows sol in the decline. The turning point of sol in the daily chart can be a short-term benchmark for considering selling btc. And then, when btc is about to finish correcting, sol will recover in advance. This is a personal summary of matters.
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