BTC Market Analysis:A week passed quickly, and in the blink of an eye, it was Friday again. The Bitcoin market closed a positive line yesterday, with its highest point at 28930 and its lowest point at 28070
BTC Market Analysis:
A week passed quickly, and in the blink of an eye, it was Friday again. The Bitcoin market closed a positive line yesterday, with its highest point at 28930 and its lowest point at 28070. Yesterday evening, the bulls began to exert their strength, breaking through the resistance level of 28500 in one fell swoop. However, they did not stand firm, belonging to a correction of a sharp rise and fall. Currently, the market is still in an upward trend, with multiple upward moves, but failed to break through the resistance of the trend line. If the market can physically break through the blue trend line, it may break through the resistance of 29495 in the future and explore the area around 30000 in the upward direction; If it cannot be broken, then there may be a shock correction near the upper trajectory. The KDJ triple line forms a golden cross and diverges upwards, while the MACD fast and slow lines are above the zero axis. The bullish energy column is increasing in volume, and overall, it is still in an upward trend, mainly bullish.
From an hour's perspective, the Bollinger Belt shows an upward running state, forming a bearish and engulfed signal when it closed yesterday. However, the bears were weak, while the bulls were strong and pulled up all the way, forming an upward triangle shape. If the subsequent market can physically break the upward trend line, there is still a high possibility of exploring the vicinity of 29600 again; If it falls below the lower support, there may be a bottoming rebound at the support level of 28400. In terms of technical indicators, the MACD dual line diverges in the direction of the zero axis, while the KDJ triple line forms a golden cross and diverges upwards. Each time the market's upward momentum is greater than its downward momentum, it can be seen that the current overall trend is still biased towards an upward trend, so today's market is mainly bullish.
ETH Market Analysis:
The Ethereum market closed with a cross star positive k line yesterday, and within an hour, it was observed that a bearish engulfment occurred during the close of the line yesterday. However, the bearish intensity was not significant, and then it entered a volatile market, with the currency price also operating between the middle and lower tracks; In the evening, the bulls began to exert their strength and entered the range of fluctuations between the medium and upper tracks. If the subsequent market can break the resistance level of 1590, it is likely to approach 1600; If it cannot be broken upwards, then the market may still fluctuate between the middle and upper tracks. In terms of indicators, the MACD fast and slow lines diverge upwards through the zero axis, and the bull energy column is also in the process of increasing volume. The KDJ indicator's three lines form a golden cross and diverge upwards. Overall, bulls dominate, and today's market is mainly bullish.
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