Bitcoin and Ethereum Market Analysis: Suffering Before Dawn

Yesterday morning, the short-term Bitcoin upper pressure given by the currency holders was at the 11689 line, and the lower support was at the 11600 mark. Yesterday, the daytime high of Bitcoin was at the 11688 line. In the afternoon, it fell below the short-term support at the 11600 line, and reached the daytime low at 19:00 in the evening. Point 11515 line. On the whole, the market is in a sideways trading period, and the same is true for Ethereum.

BTC market analysis: Bitcoin received a small positive yesterday, and the Bollinger Bands on the daily chart further closed. Range operations can be performed during the sideways market, but we must also pay attention to the arrival of a big market. In the hourly chart, the bitcoin market is in yesterday’s daytime state, hovering around the Fibonacci 11633.62 line in the coin holder chart, but be careful not to repeat yesterday’s operation.

ETH market analysis: Ethereum currency holders wrote yesterday that the suppression was at the 400 mark on the top, and the support at 380 on the bottom. The high point of Ethereum yesterday was at the 396.97 line, and the low point was at the 383.33 line. Here I would like to say that Bitcoin and Ethereum had frequent long-to-short shifts in volume indicators yesterday, and similar deviations appeared in volume indicators. These are the places we need to pay attention to.