Weekly Analyze of the Crypto Investing
Date: Aug 29,2022-Sep 2, 2022
The crypto market has been relatively flat and slow this week.
After the second weekly dip, BTC rebounded weakly, maintaining above the previous low of 18500-19000. The structure is expected to build a bottom consolidation range. After the two-stage retreat of the daily line, it rebounded from a channel similar to last week. Focus on hitting the stop-decline at 19,500 and the potential three-stage extension at 19,000. Pressure range 22000-22500.
The trend of ETH is still significantly stronger than that of the broader market, with a small retracement and a strong rebound. The weekly line has nearly recovered last week's physical losses. The daily line also set the tone for this week's rebound after closing out the saturated anti-envelope Yang column on Monday. It is gradually converging around 1600, and tends to break through in form. The defensive level is 1500, the support range is 1400-1450, and the pressure range is 1700-1750.
Vtrading is a crypto trading platform providing smart coin 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.
The crypto market has been relatively flat and slow this week.
After the second weekly dip, BTC rebounded weakly, maintaining above the previous low of 18500-19000. The structure is expected to build a bottom consolidation range. After the two-stage retreat of the daily line, it rebounded from a channel similar to last week. Focus on hitting the stop-decline at 19,500 and the potential three-stage extension at 19,000. Pressure range 22000-22500.
The trend of ETH is still significantly stronger than that of the broader market, with a small retracement and a strong rebound. The weekly line has nearly recovered last week's physical losses. The daily line also set the tone for this week's rebound after closing out the saturated anti-envelope Yang column on Monday. It is gradually converging around 1600, and tends to break through in form. The defensive level is 1500, the support range is 1400-1450, and the pressure range is 1700-1750.
Vtrading is a crypto trading platform providing smart coin 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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