Bitcoin trend has not yet confirmed an effective breakthrough of 14,000, and the effectiveness of the 13,650 support will be paid attention to during the day

According to OKEx spot, BTC is currently trading at $13,602.4 (-0.63%), while OKB is currently trading at $4.55 (0.13%).

This weekend, BTC continued to rise in volume after consolidating around 13,500. Although the price briefly broke through the 14,000 mark and reached a high of 14,150, the bears immediately pushed the trend down to below 14,000 again, and now it is temporarily supported by 13,650. OKEx analyst Neo believes that the overall upward trend last week was volatile, and the gradual upward movement of the low point also reflected the strong ability of the bulls to take over. However, the price of the currency quickly fell below 14,000 after reaching a new high, which means that the bulls are temporarily in a situation where they have more than enough to take over but lack the ability to attack upward. This is reflected in the lack of sustainability of the bullish trading volume at the hourly level. The 4-hour MACD has continued to show a top divergence pattern since October 22. If the subsequent upward momentum cannot break the divergence pattern, the probability of a short-term trend reversal will increase. Investors need to be cautious against the risk of false breakthroughs in the near future. Bulls need to increase volume continuously and the price needs to stabilize at 14,000 after reaching a new high before they can continue to be bullish. On the contrary, if it falls below 13,650, it may continue to fall to the support area of ​​13,400 or even 13,000. Before falling below 12,600, we should still adhere to the bullish trading strategy.

Although ETH has stabilized at the 374 support level, there are many resistances above, and the upward trend is not obvious. In the short term, there is still a probability of falling below the key support of 395 again. Among DEFI projects, YFI fell below the 10,000 yuan mark for the first time after its launch. Although it has recovered a certain amount of losses, there is still a probability of continuing to set new lows before stabilizing at 12140. Although YFII failed to fall below the strong support of 1180, the sluggish bullish trading volume does not support its effective rebound. It is still weak before reaching the 1800 mark. LINK temporarily stabilized at the 10.75 support, and the short-term resistance can be focused on around 11.8. Judging from the recent active trading situation, LINK still has room for further growth. DOT needs to pay attention to the effectiveness of the 4.10 support and the 4.25 first-line resistance. If it breaks, it may directly look to the area around 4.45.