Market Analysis on December 30, 2021
BTC is weak from the 4-hour level. Yesterday, we said that the delivery will fluctuate. Many people consider the bottom stage of 48000. This is actually not important. If it falls below 47000 or lower, there will be no objection to guessing the bottom. It is more necessary to pay attention to the inflow and outflow of funds on the chain.
At present, the BTC funds of the exchange are all out of state, so don’t worry too much about the unilateral decline of the market.
From the weekly level, ETH has a strong control over the market. It can either rise continuously or fall continuously. In terms of technical structure, it may be a better choice to fall to 3,500. This also means that the market may still be hit in the coming two days. Don’t hold money in a full position.
The EFI mentioned yesterday also fell to the 4-hour level of support. You can consider buying slowly. The first target can be around 1.3.