Some people cry and others laugh, Bitcoin returns to supremacy

In the past few days in the market, friends who entered the market can be said to have fully experienced the passion of Bitcoin and Ethereum, but whether they can stand it is another story; today is Tuesday again, last week’s Bitcoin When the market successfully broke through the 10,000 yuan mark, some people said it was the end, and some people said it was the beginning; but this morning's rise once again proved that the rise of Bitcoin has no end!

Facing the market conditions of Bitcoin and Ethereum these days, Yitian (aphz8705) seems to have heard the conversation between the two:

Ethereum: Boss, you can’t do it anymore, it’s just a little bit higher every day, it’s not fun, look at me (hehe)

Bitcoin: Concubine Ai, don't make trouble, I will give you a stage to show yourself, so that you can become a regular, don't be shy

Ethereum: I don’t believe it. You see, everyone has been paying attention to me these days. Maybe in a few days, I will replace you.

Bitcoin: Small sample, it seems that you are not convinced, well, then I will start to work hard, you can’t keep up (big rise, the highest reached around 11447)

Ethereum: I can't do it anymore, I can't rise anymore, the boss is still powerful, the boss is mighty!

Yitian said [BTC/USDT market analysis]

Yitian said [BTC/USDT market analysis]

From a short-term perspective, the first resistance area above will appear around 11,500, which is the second high point in August last year. This position is the high point before the accelerated correction at the end of last year. On the platform, the nearby selling pressure is not weaker than around 14,000, so for BTC, in addition to facing the test of stepping back on the key support driven by the potential index correction, the strong resistance that is not particularly far above will also further affect the market outlook. Going higher poses quite a challenge.

So to put it simply, as long as the market can stick to the 10800-10950 support area during the intraday shock adjustment process, then the short-term upward trend will not be challenged, and it will undoubtedly rise along with the trend, or it will soon usher in a downtrend. A round of accelerated rise. As for the technical aspect, the current market trend can no longer keep up, so there is not much to say!

From the analysis of the daily line, as long as the recent low closing line can hold the support near 10500 below, it is only a matter of time before the market reaches 11500. Then the return of the previous bull market high of 14500 is very worth looking forward to!

Upper pressure level: 11500, 11793

Lower support levels: 10800, 10500