BTC volatility continues, can ETH take the lead in breaking the deadlock
After the price of Bitcoin had been in the market for two consecutive days, the overall trend was relatively calm yesterday. The daily line finally ended with a small sun, and the shock pattern continued. Looking at the daily chart, the Bollinger Bands are still self-coupling, and the price operation space is further compressed. The 5-day moving average, 30-day moving average and 60-day moving average converge at the 8750-8710 first-line position to support the price. The position of this line in the day can also be focused on. According to the indicators in the attached figure, after the dead cross of MACD, the deposits will be lowered, but the current downward momentum has slowed down. RSI keeps oscillating at the 50 level, and Stoch runs upwards at a low level. On the whole, the intraday trend of Bitcoin price is still volatile.
On the 4-hour chart, the trend of the Bollinger Bands tends to be flat, and the price is under pressure at the middle track of the Bollinger Bands. The 5-day moving average and the 10-day moving average are arranged sideways at the 8750-8760 line, and the 60-day moving average is on the upper track of the Bollinger Bands A strong suppression is formed at the 9000 position, and the price is still in a stalemate in the short term. On the hourly chart, all moving average indicators maintain a sideways posture, and the price as a whole is currently oscillating in the upward channel of the Bollinger Bands. On the whole, the price of Bitcoin is expected to continue to fluctuate within the day, and it is recommended to maintain the operation idea of selling high and buying low within the range. The upper part focuses on the suppression of the 8800-9000 position, and the lower part focuses on the support of the 8710-8650-8600 position. Specific operation suggestions: when the price is given below 8710, you can consider entering long orders, stop loss at 8650, take profit at 8800, break the position and continue to hold at 8900-9000, enter short orders at 8800 when the price is at 8800, stop loss at 8850 , Look at 8720 for the profit stop position. If the price breaks upwards to the 9000 position, the short position will be covered, the stop loss is 9050, and the take profit is 8800.
ETH went up again in the early morning of the day, and the highest price was given to the position of 189.71. This is basically consistent with the suggestion given by the author Yu Jixin yesterday, and the long order also successfully gave the opportunity to leave the market. The current price is out of the fall again. On the 4-hour chart, the price fell back after hitting the upper track of the Bollinger Bands, and rebounded slightly after stepping back on the 5-day moving average, maintaining a oscillating operation around 187.5 as a whole. The trend of Bollinger Bands remains flat, and the 5-day moving average runs upwards. Looking at the indicators in the attached picture, MACD is showing a tendency to rise, and RSI and Stoch are both running downward above the 50 level. In the short term, the ETH trend is expected to remain a volatile trend. In terms of operation, it is recommended to maintain the range of selling high and buying low. The upper part should pay attention to the suppression of the 190-195 position, and the lower part should focus on the support of the 187-185 position.
