Weekly Analyze of Crypto Investing in July, 2022
The crypto market recovered this week, and the market also showed a strong rebound momentum.
BTC's weekly line dropped for the second time and then closed in the positive direction. The daily line goes up after lower than the cross. The box structure determined by the three high and low points breaks through with the trend, and builds a W bottom shape. The middle price is 21000, and pay attention to the follow-up stepping back. Short-term suppression of the falling relay platform on the left is 22500-23000. The trend defense range is 19500-20500, and the pressure range is 23000-23500.
ETH's oversold rebound this time was stronger than the broader market due to the large compensatory fall in the previous period. The weekly price hit a recent high, and the big Yinzhu has recovered more than half. The second wave on the daily line completed the pull-up and breakthrough action at a faster speed, and the volume can be effectively coordinated. There is no obvious acceleration and divergence pattern, and the trend is stable and expected to continue. The support range is 1050-1150, and the pressure range is 1350-1450.
Vtrading is a crypto trading platform providing smart trading strategies for every trader. If you are using Vtrading smart crypto trading bots, the Grid and Martin strategy are suggested for spot market, and the SMT strategy for futures market.
BTC's weekly line dropped for the second time and then closed in the positive direction. The daily line goes up after lower than the cross. The box structure determined by the three high and low points breaks through with the trend, and builds a W bottom shape. The middle price is 21000, and pay attention to the follow-up stepping back. Short-term suppression of the falling relay platform on the left is 22500-23000. The trend defense range is 19500-20500, and the pressure range is 23000-23500.
ETH's oversold rebound this time was stronger than the broader market due to the large compensatory fall in the previous period. The weekly price hit a recent high, and the big Yinzhu has recovered more than half. The second wave on the daily line completed the pull-up and breakthrough action at a faster speed, and the volume can be effectively coordinated. There is no obvious acceleration and divergence pattern, and the trend is stable and expected to continue. The support range is 1050-1150, and the pressure range is 1350-1450.
Vtrading is a crypto trading platform providing smart trading strategies for every trader. If you are using Vtrading smart crypto trading bots, the Grid and Martin strategy are suggested for spot market, and the SMT strategy for futures market.
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