Bitcoin and Ethereum market analysis: Can it continue to break through and continue to rise?

According to yesterday's news on the 6th, as of now, 56% of voters in the United States have passed Proposition 24, the "California Privacy Rights Act" (CPRA), which is replacing the "California Consumer Privacy Act" (CCPA). An important part of. In the bill, CPRA increases the risk of non-compliance and encourages businesses, including cryptocurrency exchanges, to take additional steps to respect user privacy.

BTC market analysis: After Bitcoin hit the 15985 line yesterday morning, it encountered resistance at the 16000 mark, and the market fell back to the range around the 15620 line for consolidation. At present, the Bollinger Bands are slowly closing from the opening, and the short-term moving averages are gathered near the middle rail. Pay attention to the risk of market changes and do a good job in risk control. Recently, Bitcoin and Ethereum have been linked with the U.S. political economy, but there is no macro news in the U.S. The previous article also mentioned the connection between Bitcoin as a safe-haven asset and the U.S. government’s fiscal bill.

ETH market analysis: Yesterday’s ethereum linked to the bitcoin market’s breakthrough in the morning and rose simultaneously. At present, the market of Ethereum has broken through the Bollinger Bands upper track and is at the 464.78 line. The Bollinger Bands opened again, and each moving average maintains an upward posture.