It's the weekend again, let’s go through the week’s market and review it together.
BTC moved sideways and lower this week, with an intraday high of 85200, a low of 82400, and the current price around 83000. The daily RSI is 40.7, relatively weak but not yet oversold; MACD remains below the zero line with green bars continuing, and bearish momentum has not yet faded; weekly daily trading volume contracted by 18% month-over-month, indicating a lack of incremental buying. First resistance is 83800, strong resistance 84500; first support is 82400, and the key defense level is 81300.
ETH is highly correlated with BTC but more elastic. This week’s high was 2739, low was 2406, and the current price is around 2500, capped below 2570. RSI at 40.8 is also weak, and MACD green bars continue. Resistance is 2570/2660, support is 2450, key defense is 2406, and a break below opens downside toward 2360.
ZEC is currently at 1226, with moving averages in a bearish alignment. RSI6 is 34.02, nearing oversold, and MACD green bars are expanding. Its elasticity is much higher than major coins, but in the short term there are only small technical rebound opportunities.
When volume contracts and momentum has not yet faded, don’t rush to catch the bottom at this level. This is only a market review, not investment advice. #Institutional continued positioning, why is BTC still under pressure? $BTC $ETH $ZEC
BTC moved sideways and lower this week, with an intraday high of 85200, a low of 82400, and the current price around 83000. The daily RSI is 40.7, relatively weak but not yet oversold; MACD remains below the zero line with green bars continuing, and bearish momentum has not yet faded; weekly daily trading volume contracted by 18% month-over-month, indicating a lack of incremental buying. First resistance is 83800, strong resistance 84500; first support is 82400, and the key defense level is 81300.
ETH is highly correlated with BTC but more elastic. This week’s high was 2739, low was 2406, and the current price is around 2500, capped below 2570. RSI at 40.8 is also weak, and MACD green bars continue. Resistance is 2570/2660, support is 2450, key defense is 2406, and a break below opens downside toward 2360.
ZEC is currently at 1226, with moving averages in a bearish alignment. RSI6 is 34.02, nearing oversold, and MACD green bars are expanding. Its elasticity is much higher than major coins, but in the short term there are only small technical rebound opportunities.
When volume contracts and momentum has not yet faded, don’t rush to catch the bottom at this level. This is only a market review, not investment advice. #Institutional continued positioning, why is BTC still under pressure? $BTC $ETH $ZEC