Bitcoin rises slowly, pay attention to the strong resistance of 20,000, and the range of Ethereum is expected to rise

For Bitcoin, the high adjustment is still spreading, and the low and high trend still makes the author confident to stick to it. No matter what market you are in, the weathervane of the market will always be polarized, especially in the digital currency market in finance, because the direction indicator is the source of your profit. Regarding the recent bitcoin, Mr. Tan has always believed in bullishness, and the market always sings empty when bitcoin falls, which will not only affect investors' decision-making but also affect the direction of the market. What is important in trading is to follow the trend, not to operate blindly.

Bitcoin (BTC) market analysis: The four-day rising trend of the daily line still supports the upward trend of the bulls. Although the short-term adjustments back and forth and the face of strong resistance, it does not affect the rhythm of the bulls' climb. The daily BOLL is still in a flat state, and the slow rise of the bulls is relatively stable. Once the BOLL is open, it will be an explosive market. Before the market has come out, we can only play steadily. Tonight's words first focus on the early morning high of $19,600 and the resistance around $20,000. In the following words, before we miss the $19,000 mark, we still proceed with low-many thinking.

To sum up: There are two main reasons why mainstream interest in Bitcoin will rise after Bitcoin hits a new all-time high. First, many retail investors bought Bitcoin at nearly $20,000 in 2017 and lost a lot of capital. As such, all-time highs remain a hurdle for many investors. Second, Bitcoin has historically had no ceiling above $20,000, so a price discovery period may begin. In addition to the strong on-chain fundamentals underpinning the continued rise, institutional demand for Bitcoin continues to grow. Mr. Tan said that the assets managed by Grayscale recently reached 13 billion US dollars. This shows that accredited investors in the United States are increasingly interested in an alternative to exchange-traded funds (Grayscale funds). Investors are regaining confidence as bitcoin prices hold above $19,000 and bounce back from each dip. Currently, all indicators remain neutral to bullish, supporting the possibility of Bitcoin hitting a new all-time high. The rise of the bull market is only a matter of time, please get ready for the opportunity to get on the bus.

Short-term upper resistance level: 19600/20000 Short-term lower support level: 19200/19000

ETH (Ethereum) market analysis:

ETH (Ethereum) market analysis:

On the daily basis, the trend of Ethereum is roughly the same as that of Bitcoin, except that the trend of Ethereum has become relatively stable since it was under pressure at the $600 mark, partly due to the influence of Bitcoin, and it is adjusting at a high level to wait for a clearer direction Only when retail investors flock together. The BOLL on the hourly line and the daily BOLL are in a flat state, and the short-term rise and fall is maintained in the range of 580-590 US dollars. At present, although there are signs of rebound, there is no substantial breakthrough, so for the evening, we still look at the low price. trend.

ETH (Ethereum) real-time operation suggestion: continue to hold more than 584 orders, go long when it falls back around 581, stop loss at 577, and target around 588;