Weekly Analyze of the Crypto Investing in October, 2022

Date: Oct 24,2022-Oct 28,2022

The crypto market has seen a rebound this week.

The BTC weekly line maintains a slow upward shift in the center of gravity, but it is similar to previous weeks. At present, it has started to fall again after the amplitude reaches 10%, so it is not ruled out that this week will also end with a small entity.

The daily line was in a narrow range at the lower edge of the range and then chose to break up after many days, breaking the trend moving average suppression and the band high, forming an upward trend.

At present, the Fibonacci 61.8% line of this segment is encountered. In terms of form, it can be regarded as a confirmation of stepping back after breaking through the box. After adjustment, if it stabilizes above 20500, it is expected to continue to rise next week.

The support range is 19500–19700, and the resistance range is 21300–21800.

The exchange rate of ETH against the broader market has shown signs of strength, and the weekly surge has been large, which can be focused on. After the daily line broke through, the trend was relatively smooth, and there was a strong consolidation above the range of 1450–1480. The defensive range is 1400–1420, and the pressure range is 1620–1660.

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(All for reference only, plz invest rationally)

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