$BTC $ETH Multiple forces are engaged in the game around 'weekly K'
In the 4-hour cycle, starting from 10 PM yesterday on the 7th, there has been a push to liquidate long positions. Based on volume and capital monitoring data analysis, the target of the short-selling funds is to continue breaking through the 85000 position and eliminate the first batch of long orders.
Subsequently, at 11 PM, a rally was initiated, and from 11 PM to 4 AM, the highest price broke through 91700 USD, which also effectively repaired the weekly trend without forming a breakdown pattern. Instead, it stabilized in the weekly support area, which is a clear indication of the main force supporting the market.
Currently holding $BTC 82500 in spot positions, there are no conditions to go long above 90000 USD. $eth has opened a small long position (there will be margin space), hedging while feeling the fluctuations.
