ETH may follow the bull market, and the market has reversed
foreword
Hello everyone, I am your friend "July", focusing on the trend prediction and market analysis of mainstream digital currencies such as BTC (Bitcoin) and Ethereum, helping more currency lovers to deal with risks rationally. To win in the middle, it is not enough to have first-class technology and rich experience, but also to have the mentality of judging the situation and the ability to control the situation. Welcome to talk about July!
Industry information
According to TokenInsight data, the TI index, which reflects the overall performance of the blockchain industry, reported 729.61 points at 8:00 Beijing time on June 23, an increase of 26.25 points or 3.73% from the same period yesterday. In addition, among the top 10 industries closely watched by TokenInsight, the anchoring and reserve industry has the highest increase within 24 hours, with an increase of 21.82%; the e-commerce industry has the highest decrease within 24 hours, with a decrease of 14.06%. According to monitoring, the 24h turnover of BTC was $21.3 billion, the number of active addresses increased by 15.07% from the previous day, and the number of transfers increased by 6.03% from the previous day. Coinwalle analyst Jeffrey believes that the activity on the BTC chain has rebounded rapidly, and the spot trading volume has increased, which may fluctuate upward in the short term.
Market review
Market review
Since the morning of Monday yesterday, Ethereum bulls have been very strong, rising from 228-line to the highest point of 246-line, with a profit margin of nearly 18 points, breaking the haze of the recent market.
ETH market analysis:
In 4 hours, the Bollinger Channel showed an opening mode. The price K line has stood on the upper Bollinger track and is running in shock. The MACD red kinetic energy continues to increase, and the KDJ overbought zone has three lines converging. It is still a bullish trend within the day. After the price runs to Bollinger’s upper rail and breaks 246, it starts to step back and step back. It is currently oscillating around 242. Technically, the MACD fast and slow lines are glued to the downward turning head, and the KDJ opens and diverges downward. The short-term trend of going back and stepping is obvious. Operation Last July, it was suggested to step back and do more.
Operation suggestion:
Nearby 240-241 multiple single target near 247-248
