Bitcoin received effective support at the 5-week moving average on Sunday, and it remains to be seen whether it will further decline to the 10-week moving average. From the daily chart, Bitcoin has gained technical support at the 10-day moving average, while the 5-day moving average exerts technical pressure on it, leaving the market direction unclear. In terms of trading strategy, we continue to adhere to a buy-on-dips strategy during the Asian and European sessions.



The 5-week moving average of Ethereum has formed an effective technical support. Whether it will further fall back to around 4390 remains to be seen. From the daily chart, the 10-day moving average is applying technical pressure, but this pressure is currently quite weak, and it is very likely to rebound further above 4570. In terms of trading strategy, buy on dips and target above 4570.

The SOL daily chart has received effective support at the 10-day moving average, with resistance around the price of 237. In terms of trading strategy, one can buy low with the target looking towards 237.
BTC-2.13%
ETH-3.15%
SOL-7.32%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)