Analysis and operational ideas for the trend of 5.27 BTC and ETH this week!

CN
1 year ago

Currently, from the weekly perspective, Bitcoin has retraced to the 60,000 mark, and Ethereum has retraced to the 2880 level. After several weeks of consolidation and bottoming out, the bulls successfully gained momentum last week, with Bitcoin once again surpassing the 70,000 mark and Ethereum also surging to the 3950 level. As anticipated in last week's trend analysis, the bulls have seen a breakout. Although there has been a pullback in the current market, Bitcoin has repeatedly tested the 68,000-68,500 level, and Ethereum has not been able to break below the 3650 level. Therefore, this week is an excellent position for bullish trend layout. As long as this level is not broken, it is bold to go long.

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On the daily chart, the current market is facing resistance at the 69,500-71,500 level for Bitcoin and at the 3900-3950 level for Ethereum. The support below is at 68,000-68,500 for Bitcoin and at the 3650-3720 level for Ethereum. Although the overall trend has experienced a shakeout, it still shows a steady upward trend, and it is expected to break through this week.

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On the 4-hour chart, the short-term resistance for Bitcoin is at 69,300 and for Ethereum is at 3920. Currently, Bitcoin's trend is relatively weak compared to Ethereum. The support below is at 68,500-68,000 for Bitcoin and at 3780-3820 for Ethereum.

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Operational strategy suggestion: Take advantage of the support level to set up long positions!

Go long at 68,000-68,500 for Bitcoin, with a target of 69,500-70,500 and a stop loss below 67,500.

Go long at 3800-3830 for Ethereum, with a target of 3900-3950 and a stop loss below 3780.

The strategy is time-sensitive, and real-time guidance is the main focus!

Professional team's top analyst, Ruoyu, focuses on contract trading guidance. Scan the QR code below to follow the WeChat public account for real-time market analysis and operational strategies!

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