Today's market analysis

Market sentiment improved over the weekend, and the reduction in negative news also allowed the market to touch the upper pressure line of 58,500, but it still did not change the downward trend. I thought that the rise over the weekend would give the market a chance to breathe, but today was still a day of sharp decline. It has rebounded to around 56,500. Next, pay attention to good market news and capital inflows. At present, the market panic has almost reached its peak. There are also many opportunities in this situation, because the main panic is due to the influence of the German government and the Mentougou incident. For this kind of negative news, it only needs a new hype narrative to reverse. Of course, it would be best if interest rates can be cut in the near future.

Intraday pressure and support levels

BTC pressure level 56500/57300 support level 55400/54600

ETH pressure level 3050/3080 support level 2930/2880

Spot sector analysis and recommendation

With the warming mood over the weekend, many cottages have also seen good gains. Among them, the stronger gains are basically the currencies with high popularity in recent times. This also shows that long-term investment can be selected. In the next two days, I will also share the targets that can be held for a long time in a small circle. The next entry position is around 5w, and the last entry position will be around 45w. The current trend is very similar to the previous bull market in that it is in the first wave of upward decline and consolidation. After the waterfall of 519 in 21 years, a new round of rise has been ushered in.