Preface: Investment carries risks and caution is necessary everywhere. This content is for reference only
Preface: Investment carries risks and caution is necessary everywhere. This content is for reference only.
BTC Market Analysis:
A new week has arrived. Let's take a look at the weekly chart first. Last week, we closed a negative k, with the highest point at 28000, the lowest point at 26500, and finally closed at 27000.
From the daily chart, it can be seen that a positive k was received yesterday, with the highest point at 27300 and the lowest point at 26800. From the perspective of the Bollinger Belt, the currency price is in the middle and lower track range, but neither has been able to reach the lower track. There is only a temporary pressure at the middle track line, which is at 27200. If it can break through the 27200 pressure in the future, it may approach around 28000. The KDJ indicator's three lines form a golden cross upward, with the MACD fast slow line above the zero axis and the red energy column showing a contraction. Based on the Bollinger Belt and MACD, if we can break through the pressure of the mid orbit in the future and approach the 28000 point upwards, there is a high possibility of forming a golden cross at MACD, ushering in a wave of upward movement.
From an hour's perspective, there was an upward trend at 5:00 am and 6:00 am, reaching as high as 27300. When facing pressure at 27300 am, there was a slight decline, but the magnitude of the decline was not significant, which did not affect the overall upward trend of the market. It can be seen that there is an upward trend in the parallel channel, and as long as the subsequent market breaks through this upper pressure line, it is possible to continue to rise. The Bollinger belt is in an open shape, with the market hovering above the upper track, and the MACD fast slow line is above the zero axis. Although the green energy column is shrinking, the fast slow line has an upward trend, indicating that bulls are still relatively strong.
ETH Market Analysis:
The Ethereum market is currently in a volatile upward trend, fluctuating near the 1560 position. It can be seen that there is a pressure at the 1580 position. If there is no breakthrough in the above pressure in the future, it is likely to continue to fluctuate. If the volatility reaches the support line of 1540 below, then it can continue to be bullish. The three lines of KDJ indicators form a golden cross and diverge upwards.
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