The Bitcoin consolidation range has not been broken yet. In the near future, we will continue to pay attention to the effectiveness of the 11200 resistance and 10650 support.

According to OKEx spot, BTC is currently trading at $10,948.5 (1.04%), while OKB is currently trading at $6.21 (1.59%).

This weekend, BTC broke through 11100 in a short period of time and then continued to attack with insufficient energy. It was blocked at 11200 and then fell back quickly. It stabilized after getting support above 10750 and is now under pressure near 11000. OKEx analyst Neo believes that from the 1-hour level, the MACD indicator has always been in a top divergence pattern since breaking through 10650 on September 14. The divergence was particularly obvious when it first tested 11100 and tested 11200 on the weekend, which means that the strength of the bulls is still difficult to be called strong. Any strong resistance above has the probability of becoming an opportunity for a reversal of the trend. Therefore, before the bulls cannot increase the price of the currency and break through the key resistance, it is best not to blindly chase the rise. However, judging from the extent of the retracement after hitting the top at the weekend, 10750 has become a short-term first-line support. The retracement trend is mostly caused by a small amount of funds taking profits and leaving the market. Therefore, before failing to fall below 10650, the consolidation pattern will continue. If the short-term trend can continuously break through 11100 and 11200 with large volume, it can continue to be bullish. On the contrary, if it rebounds to the above resistance levels with small volume, it will still be blocked with a high probability. The short-term strategy may continue to focus on swing trading.

ETH failed to break through the previous high over the weekend, and failed to fall back when it broke through the 390 mark. It stabilized after falling to 365 and is now under pressure at 375. The short-term oscillation range may fluctuate along 365~394. If it falls below the lower edge, it may continue to test the 360 ​​support. If it breaks through the previous high of 394, it may stand back to the 400 mark. Among DEFI projects, YFI and YFII continue to decline. The support below YFI can focus on 26560, and the first resistance level is around 28340. The first support level of YFII is around 3320. If it falls below, it may continue to fall to 3120, and the upper resistance level is 3720. Although SUSHI rebounded to 1.95 at the weekend, the subsequent selling continued to suppress the coin price to around 1.57, and it is now in a narrow range of fluctuations again. UNI's support below is 4.77, and the effective resistance above is around 5.83.