Preface: Investment carries risks and caution should be exercised everywhere. This content is not intended as a recommendation and is for reference only
Preface: Investment carries risks and caution should be exercised everywhere. This content is not intended as a recommendation and is for reference only.
BTC Market Analysis:
The Bitcoin market closed with a positive K line of a cross star yesterday, and the trend of volatility is still continuing, and the overall trend is still upward. Yesterday morning, the market rose by 35455 and fell by 34356. Both long and short positions did not continue, and then entered a narrow range of volatile markets. At present, the most important thing we need to pay attention to is the resistance of 36000 and the support of 34000 below. Let's see which one is broken first, and before it is broken, we still view it as a volatile market.
From a 4-hour perspective, there is a sign that the three lines of the Bollinger Belt are currently diverging in parallel and showing signs of closure. The currency price is still operating in a fluctuating range between the middle and upper tracks, with multiple upward rebounds but not sustained. Instead, it quickly fell under pressure; There have been several times when the pins were inserted downwards, but they all rebounded after touching the front line of the middle rail and retracted the long shadow line, indicating that the support in this area of the middle rail is relatively strong. From a morphological perspective, although bulls have rebounded multiple times, their strength is not enough. In the short term, there is still a demand for a rebound, and the overall movement is still centered around the oscillation within the range, which is supported by the first resistance line and the first support in the predicted channel.
ETH Market Analysis:
The current performance of the Ethereum market is relatively strong compared to Bitcoin. Yesterday, it closed a positive K line and closed four consecutive positive days. Yesterday, it also failed to stabilize after reaching the 1915 line, and the current coin price is also running around 1890. From a 4-hour perspective, the Bollinger Belt is currently showing an upward trend, with currency prices operating in the mid to upper track range, MACD showing signs of forming a dead fork, and the bullish energy column shrinking; KDJ's three line turning head is downward. Follow up on the 1915 and 1865 first tier markets. As long as there is no break, there is still a possibility that they may fluctuate and operate within this range. Therefore, today's market is still mainly low.
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