Hello everyone, I am Eleven. Let's analyze and analyze BTC and ETH in this issue
Hello everyone, I am Eleven. Let's analyze and analyze BTC and ETH in this issue. If you are interested in this issue, please read it with Eleven! (Different viewpoints, self reference)
Let's take a look at BTC first:
In the multi time cycle analysis of BTC, 11 observed that BTC continued to maintain a bullish trend. Although there are many trapped stocks above, prices are expected to rise further due to the strong trend. From the perspective of channel theory, BTC has broken through the resistance level, and many orders are still optimistic. Looking at the candle chart again, it shows a clear oscillation pattern, close to the EMA15 moving average. In this situation, we can see that the trend of long positions is more obvious, and 11 believes that long positions can still continue to be held.
Let's take a look at ETH again:
Eleven believes that although ETH's current performance is weak, once it starts to rise, it is expected that the increase will be very significant. As long as the candle chart does not fall below the upward trend line, we can continue to hold positions. If we can break through the moving average, it will be even more favorable. Eleven is still optimistic about ETH overall, but it is important to maintain position control.
The following is the latest analysis of the strong bullish pattern of BTC and ETH obtained from November 11th:
BTC: The "halving effect" of BTC may further drive up its price. Half reduction refers to halving the BTC reward for every 210000 blocks generated. The next halving is expected to occur in 2024, which means that BTC's supply will decrease, potentially driving up its prices. In addition, XI believes that due to Bitcoin's asymmetric encryption technology and peer-to-peer transmission technology, its transactions can remain anonymous and secure, making BTC a popular digital currency.
ETH: Eleven believes that ETH is another popular cryptocurrency, an open source, blockchain based distributed computing platform that emphasizes itself as a smart contract system.
ETH has three main features: stricter management, providing Ethereum to system developers and system upgrades, and rewarding developers who discover system vulnerabilities. These characteristics enable the healthy development of ETH's ecosystem.
Finally, in the view of the 11th National Congress, the bullish pattern of BTC and ETH remains strong, which is determined by their unique characteristics and functions. With the approaching halving effect and the healthy development of Ethereum, the prospects for these two digital currencies look very optimistic.
The above analysis only represents personal opinions and does not represent any suggestions for participation.
If you have any questions, you can ask me directly. As long as you know it on November 11th, you will definitely know everything!
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