"Jack's Trading Classroom: Asset Allocation of ETHBTC Bitcoin and Ethereum"

Currently, we can see the weekly chart of ETHBTC. In the Ethereum to Bitcoin trading pair, after forming a high point of 0.12285 at the end of January 2018, a low point of 0.01614 was formed in September 2019. After consolidating at the bottom, ETHBTC formed a bottom pattern - a head and shoulders bottom pattern on the weekly chart.

Currently, we see the weekly chart of ETHBTC in the Ethereum-to-Bitcoin trading pair. The high point of 0.12285 was formed at the end of January 2018, and a low point of 0.01614 was formed in September 2019. After consolidating at the bottom, ETHBTC formed a bottom pattern - a head and shoulders bottom pattern on the weekly chart.

In the future, attention can be focused on the upper resistance of 0.04060. If this neckline resistance is broken, Ethereum's weekly chart is likely to outperform Bitcoin. Based on trend lines, the downtrend line of Ethereum against Bitcoin on the weekly chart has been broken, indicating that Ethereum's trend in the future is expected to outperform Bitcoin in the spot market.

Therefore, in the Ethereum-to-Bitcoin trading chart, one can wait for the breakout of the head and shoulders bottom pattern and consider converting some of the Bitcoin spot positions into Ethereum spot holdings.

【Note】Changes in asset allocation do not mean that Bitcoin spot positions should be sold. Bitcoin is currently still in the early stages of a bull market.

In recent days, the digital currency market has experienced significant volatility. It is recommended that operators strictly implement risk control measures and avoid high leverage and high contract volume operations to prevent additional losses caused by volatile market conditions. This article is for personal commentary, please read it carefully and refer to it cautiously. Cryptocurrency trading may pose risks to your capital.

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