Is Bitcoin's renewed range shock a precursor to a plunge or pave the way for a break?
Market review:
In terms of Bitcoin, following the bottom of the golden needle in the previous market, the market started to reverse, and the highest reversed to the 19570 line yesterday morning, and then started the downward path of shocks. At 3 pm, the market retreated to the lowest point of 19050 line, and then the market reversed again Pumping shock, the overall shock is in the range of 19000-19500. The overall trend of Ethereum is also relatively the same. The lowest test of the previous weekly level MA60 moving average supports the 530 line, and then the market rebounds again, the highest touches the 598 line suppression level, and then fluctuates in the 580-595 range
Bitcoin short-term market interpretation and operation suggestions:
Bitcoin short-term market interpretation and operation suggestions:
1,After the previous market retracement and the lowest line of 17550, Bitcoin has started to fluctuate upwards. The overall market fluctuations were not large yesterday, running in the 19500-19000 range. The overall market fluctuations are the same today, running at 19500- 19300, and as far as the current situation is concerned, there is not much fluctuation in the market as a whole. On the other hand, there is no major news coming from the market. Judging from the current market situation, we can follow the trend, the upper suppression level is 19500, and the lower support level is 19280. In this range, we can sell high and buy low.
2,19500-19550 entry layout empty order, stop loss default, target 19300-19250
Ethereum short-term market interpretation and operation suggestions:
Ethereum short-term market interpretation and operation suggestions:
1,The overall trend of Ethereum is still relatively close to Bitcoin in the near future, so today’s overall operation idea is the same as that of Bitcoin, focusing on suppressing 595-593 at the top and supporting 580-583 at the bottom, within the range of 580-595 Just sell high and buy low, and you must not be too greedy, leading to profit taking, which is not beautiful.
2,580-583 entry layout with long orders, default stop loss, target 595-593
