【Market review】
The bulls in the BTC market showed a strong performance yesterday. After a short consolidation and shock at 7000-7100, they continued to rise and successfully broke through 7200 US dollars at night. They are currently hovering around 7280. The amount of capital inflows within 24 hours exceeded 700 million US dollars, and the short-term capital inflows increased significantly.
【Market analysis】
BTC：【Market analysis】
ETH：Looking at the hourly line, the three Bollinger bands run upwards, and the lower support level is rising; the middle track is around 7200 to suppress the retracement of the currency price, the lower track is around 7040, and the upper track is short-term suppressed around 7400. The overall long moving average is arranged and combined, with a slight downward turn in the short and medium term, and ma30 forms an effective support near 7135. The macd indicator in the attached picture is dead fork at a high position, the downward movement energy is limited, and the kdj turns downward. It is expected that the market will retrace slightly around 7200, and it is expected to get an initial rebound, or a short-term narrow range. The Bollinger Bands on the 4-hour line are open. In the long-short game, the bulls still dominate; the moving average forms layers of support below: 7090, 6880, 6600. Therefore, today's operating strategy should be: low and long, high-altitude ultra-short-term.
BCH：ETH surged and fell back to the hourly MA10 support. It fluctuated at a high level and rebounded immeasurably. In addition, it has risen for two consecutive days. At present, the upper space is temporarily limited, and there will be a short-term callback, so it can be high now.
Yesterday, BCH broke through and rose following the market, and the independent trend was not too obvious, and it continued to follow the trend. From a technical point of view, the lower part of the daily line will go up along the MA7, the Bollinger Band will develop upwards, and the upper part will focus on the 262 resistance range. Below, focus on the 245 support level, and short-term operations can be performed in the 245-262 range. For long orders, we enter the market around 253, the upper target is 260, and the stop loss is 250.
