Analysis of BTC and ETH: The previous highs are within reach, can both reach new highs today
Yitian said [BTC market review]
Yesterday's strong upward attack, without any pullback strength, began to fall under pressure after reaching the highest line of 9786 this morning, and is currently consolidating around 9630; yesterday's daily line closed below the daily line BOLL middle rail, and the daily increase reached 1.27% (118.6), with an amplitude of 2.46%. It opened below the mid-range of the daily line today, but continued to rise strongly after the opening, broke through the support of the mid-rail, and came to the upper-middle rail area; after a strong rise, Bit Currency, how will the daytime market be interpreted today?
Yitian said [BTC/USDT market analysis]
Yitian said [BTC/USDT market analysis]
Looking at the 4-hour chart again, yesterday’s wave of upswings has formed a six-continuous positive pattern on the disk, and the K-line pattern that has not yet closed is in the form of a negative column, but everything is still undecided; the BOLL channel has already moved upwards At the opening, each moving average system crosses the BOLL middle rail to the middle and upper rails. The yellow MA5 moving average closely follows the market and runs upwards. There is no sign of the market stepping down on the moving average; This 4-hour K-line needs to be supported by the negative closing. The energy indicator MACD fast and slow golden cross is running upwards, and the energy of the bulls continues to increase. On the whole, Yitian (aphz8705) believes that the daytime market is still optimistic about the pullback, and the support below focuses on MA5 (9550) and MA10 (9450) moving average support is enough!
Yitian said [BTC/USDT operation suggestions]
Yitian said [BTC/USDT operation suggestions]
2. When Bitcoin pulls back to around 9500, you can enter long positions, stop loss below 9350, and see the 9750-9850 area for the upper target;
Yitian said [Interpretation of the latest market price of ETH]
Yesterday’s rise in Ethereum was directly from the support of the lower track of the daily line, and it strongly broke through the pressure of the middle track to the upper track area. In the early morning of today’s opening, it continued yesterday’s rise and directly touched the support level of the daily line, and then fell back under pressure. It is currently consolidating at today’s opening price; yesterday a big sun pulled up, opened at 230.61, the lowest reached 227.20, the highest reached 241.60, and closed at 241.41. The daily increase and decrease reached 4.69% (10.81), and the amplitude reached 6.24%! At present, the 250 mark is within reach, so can Ethereum hit a new high today?
Yitian said 【ETH/USDT market analysis】
Yitian said 【ETH/USDT market analysis】
From the 4-hour chart, the BOLL channel has opened upwards, and the market has been running upwards along the upper track of BOLL. The lower support is at the yellow MA5 moving average. The MA30 moving average and the middle track of BOLL are glued and running upwards. The KDJ indicator below has dead crossed downwards. Running, the ability indicator MACD fast and slow line shows signs of flattening upwards, and the energy of bulls is gradually shrinking. On the whole, Yitian (aphz8705) believes that Ethereum will still fall back in a short period of time, and the lower support needs to focus on the white MA10 moving average (237.53 ) place!
Yitian said [ETH/USDT operation suggestions]
Yitian said [ETH/USDT operation suggestions]
1. Ethereum pulls back to the 237-240 area, it is recommended to enter the market with long orders, stop loss below 235, and the target first looks at 248-250;
