Weekly Analyze of the Crypto Investing in September, 2022

Date: Sep 12, 2022 — Sep 16, 2022

This week, the crypto market fell from a high level without forming an effective trend, and the overall weak and volatile.

BTC’s weekly highs turned negative and came to the bottom of the range again. Structurally, it has also evolved into a triangular convergent shape, with its lower edge around 18500. The daily market is more concentrated, and a wave of rapid market is followed by small adjustments. The critical point is 20500, the support range is 18500–19000, and the resistance range is 21000–21500.

ETH has landed well, and the strength of the exchange rate against the broader market has also been destroyed, and the disk has weakened. At present, the weekly Yinzhu has engulfed last week’s gains and has a continuation trend. There is a double expectation of the head and shoulders pattern and the 1400–1800 structure of the box on the daily line. Pay attention to the closing of the critical interval 1350–1400. The support range is 1250–1300, and the pressure range is 1580–1620.

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(All for reference only, plz invest rationally)

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