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Happy weekend, volatility is expected at around 18:00 in the afternoon. There hasn't been a market analysis in a long time, let's do a short analysis while volatility is quiet. Starting at 59,000, BTC rose sideways to 69,000, especially after breaking the 68,000 level, the sound of crazy bulls returned to the market! The general atmosphere in the market is heading for more long, the greed index is rising continuously, be careful of retesting! For technical analysis, the 3-day, 5-day and weekly MACD lines of the BTC are in the positive zone, the general trend is undoubtedly high, but the upper dispersion in the 4, 6 and 12-hour time periods does not support the violent rally directly from 68,000, and I don't see a high probability of surpassing the 70,000 level all at once. The most effective strategy at the moment should be to gradually enter short positions starting from 68800, and the first target of exposure is in the zones 66300-65222-64300.
Let's talk about ETH again. ETH is weak and has been trading in a narrow range since Tuesday.
It is expected to move in one direction next week, just wait patiently.
Currently, point 2680 is being followed and there is no room for a significant rise before reaching 2680 on the 4-hour candlestick chart/daily chart. This is a turning point. The upward momentum to chase price increases does not cancel this.
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