Bitcoin and Ethereum market analysis: the eve of the storm

After a wave of falls, the market ushered in a slight rebound yesterday. At present, the market on the hourly chart is in a sideways stage as a whole. At present, it can be said that it is the eve of the storm, whether it is going up or continuing to fall.

BTC market analysis: At present, Bitcoin is trading sideways near the 11600 line. Based on the previous market situation, what we still need is to be vigilant against the behavior of the main funds to lure more. After all, in terms of trend, the downward trend of Bitcoin is obvious. From the chart, the current market is near the Fibonacci 11639.62 line in the coin holder's chart, the upper pressure is at the 11689 line, and the lower support is at the 11600 mark.

ETH market analysis: the top needs to look at the 400 integer mark, and the bottom support is at the 380 line. From the perspective of the linkage between Ethereum and Bitcoin, the 400 mark of Ethereum determines the upside of Bitcoin. After all, Ethereum led the rise of Bitcoin for a period of time before, and the market of Ethereum is still relatively strong.