1. BTC market analysis

1. Weekly chart, Bitcoin showed a bullish pattern of one positive line through three lines last week, which corresponds to one negative line through three lines on August 14, and it seems to have recovered the previous decline. Now the price of the currency is still consolidating below the 200-week moving average of 28,000 points. Last week's closing line was a cross star, and the long and short divergences were light. Everyone was waiting for a breakthrough and going with the trend, and no one dared to act easily.

However, Bitcoin's short-term weekly line has formed a golden cross pattern above the lifeline, but today this golden cross has disappeared again. We need to wait until the close of this week to confirm it. Pay close attention to 27,000 points, which is the bulls' defense. If it falls below, it means that Bitcoin will weaken again, which is also a stop loss point.

2. In the daily chart, the price of Bitcoin has fallen below the 5-day moving average, and the short-term strong bulls have disappeared. In addition, the 4H chart has already shown a bearish triangle. If it falls below 27190U, the next target of Bitcoin will be to test the support band of 25800-26000U. Pay close attention to the support of 27190.

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2. ETH market analysis

ETH's price trend is really weak. I don't know what bad news has happened in the outside world. The weekly chart is suppressed by the 30-week moving average. Yesterday, it bottomed out near 1540U, close to the previous low. And it has fallen below the rising trend line. If you have ETH, pay attention to reducing your position. This is not an opportunity to go long.

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3. Review of spot strategies

1. LOOM has quadrupled from the bottom to now. It is a currency that has started to rise unconsciously, from 0.11 to 0.19U. After falling back to 0.1667U yesterday, it took off again and reached 0.20U to reach the first target. However, it is not recommended to chase highs. It is a counter-trend currency. Since breaking through the historical high, it has been highly controlled. We are still optimistic about the price trend of this currency.

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2. The medium-term moving average of TRB is still upward. Currently, there is a top divergence pattern. Note that there may be a short-term decline. The support level is 41.25U. During the decline, wait patiently for the arrival of 41.25U.

3. SOL, which entered the market in the previous spot class, is still performing strongly. We first suggested entering the market at around 19.1U. It has now broken through the first target. Since it started to rise on October 1, it has been oscillating at a relatively high level with reduced volume. If there is an opportunity to fall rapidly to around 20.6U in the future, you can continue to cover your position and wait patiently for the correction to take place.

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