【Weekly Analysis】The early period before National Day/Mid-Autumn Festival is the last chance to get on board.
1、$BTC /ETH The weekly chart closes are relatively good—everyone is above the 60-week line. Below, there is support from the 20-week line. So the price is now shifting into weekly-chart-level bullish momentum; the balance of offense and defense has reversed.
2、Keep the existing spot holdings. Adding positions on pullbacks is the right move. Don’t get off the train halfway, because later you may very likely not be able to get on again—this is extremely not worth it. In spot trading, short-term unrealized losses aren’t really losses. As long as the trend is correct, it’s only a matter of time before it rises.
3、Support buy points: The uptrend of the weekly chart level is still being formed, so it won’t just rocket straight up. It will also be filled with ups and downs. If later related negative news is released and there is a sudden drop—refer to Bitcoin at 75.5K and Ethereum at 2400U—these will also be buy-add points.
4、The fourth quarter is about to begin. In principle, there should be a wave of decline before National Day and Mid-Autumn Festival. Basically, every time there is such a major holiday, it’s like this. This is the last opportunity before the October big market begins. Wishing everyone financial freedom.
#Bitcoin #Ethium
1、$BTC /ETH The weekly chart closes are relatively good—everyone is above the 60-week line. Below, there is support from the 20-week line. So the price is now shifting into weekly-chart-level bullish momentum; the balance of offense and defense has reversed.
2、Keep the existing spot holdings. Adding positions on pullbacks is the right move. Don’t get off the train halfway, because later you may very likely not be able to get on again—this is extremely not worth it. In spot trading, short-term unrealized losses aren’t really losses. As long as the trend is correct, it’s only a matter of time before it rises.
3、Support buy points: The uptrend of the weekly chart level is still being formed, so it won’t just rocket straight up. It will also be filled with ups and downs. If later related negative news is released and there is a sudden drop—refer to Bitcoin at 75.5K and Ethereum at 2400U—these will also be buy-add points.
4、The fourth quarter is about to begin. In principle, there should be a wave of decline before National Day and Mid-Autumn Festival. Basically, every time there is such a major holiday, it’s like this. This is the last opportunity before the October big market begins. Wishing everyone financial freedom.
#Bitcoin #Ethium
