Weekly Analyze of the Crypto Investing in September, 2022

Date: Sep 5, 2022 — Sep 9, 2022

The crypto market recovered this week, and the market also started a rebound mode after the retracement adjustment.

The BTC weekly line dropped for the second time, and turned positive after reaching the low point on the left at 18500. Structurally, a preliminary form of double bottom has been constructed, with a critical position of 21500. When the daily line converged and broke down, the decline did not continue but rebounded and broke the downtrend line suppression. The first resistance range is 20800-21200, and the extension range is 21500-22000;

ETH's weekly line maintains a positive rhythm. The daily line made a false breakthrough up and down at the end of the convergence, and then chose to continue the trend of oscillating and rising in the channel upwards. The pressure conversion point of 1600 has become the first defensive position of the current trend. The support range is 1500-1550, and the pressure range is 1850-1900.

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(All for reference only, plz invest rationally)