Bitcoin and Ethereum Market Analysis: Can the Weekly Disadvantage Be Reversed?

After yesterday's small pin, the lowest point of Bitcoin was at the 10655 line yesterday, and the lowest point of Ethereum was at the 345 line yesterday. Afterwards, the market of Ethereum started to rise, and the market of Bitcoin showed an upward trend as a whole.

Market Analysis BTC: At around 8 o'clock in the morning, the Bitcoin market has risen a wave, and it has not yet broken through the previous high of 10800. This weekend, although the daily line has closed positive for 5 consecutive days, but on the weekly line, the upper moving average has formed a dead cross at a high level. Now it depends on how strong the bulls are to counterattack and can bounce off the dead cross trend on the indicators. .

Market analysis ETH: synchronous Ethereum has also undergone a wave of rise just now, and the current highest point is at the 362 line. On the weekly chart, Ethereum is stronger than Bitcoin, the upper moving averages are glued together, and the lower one is just a trend of high dead cross on the indicators. Currently, both Bitcoin and Ethereum are in the form of hammers in the weekly chart this week. , It depends on the closing line today and this week.