Analysis of Bitcoin and Ethereum market: the market outlook after the temptation to retreat

[Foreword]: In the previous article, the currency holders have already written that with the entry of small funds, Bitcoin was directly pulled up to the 12160 line. The refresh highest point reached the 12448.39 line, and then fell back to the 11816.19 line.

Currency holders [BTC/USDT market analysis] On the Bitcoin daily chart, the negative line collected yesterday directly engulfed the Bitcoin explosion the day before yesterday. The MA5 daily moving average and the MA10 daily moving average have completely bounced off, and the upper pressure is on the currency holder chart. The middle Fibonacci retracement line is at 12106.54. In the hourly chart, after yesterday evening’s drop in the Bitcoin market, the current currency price is fluctuating at a low level, hovering around the 12,000 mark, and the market has entered a period of consolidation.

Currency holders [ETH/USDT market analysis] Yesterday, Ethereum linked Bitcoin to conduct a wave of lure, the highest point reached the 445 line, and then the currency price fell back, the lowest point reached the 415 line, in the MACD indicator, the long and short alternated back and forth Momentary direction unknown. The upper suppression level is at the 430 line, and the support level is at the 415.78 line in the coin holder chart.