BTC and ETH reappear synchronously, and the bulls are pre-strength
The recent trend is still developing in a good direction. After experiencing continuous blows, Bitcoin and Ethereum have gradually begun to exert upward force, and the market has gradually improved. This undoubtedly makes many people begin to regain confidence. I just want to talk about investment There are risks, you need to be cautious when entering the market, don’t be like a gambler, and learn to invest rationally. This market has its reasons for its existence, but not everyone can make money. The trend of Bitcoin in the past few days is the same as the author’s previous analysis. Stick to the 32,000 mark and then start to move upwards gradually. Currently, it is blocked at the position of 35,200. Once the position is successfully broken, the space above it will be enlarged. Ethereum has analyzed it for everyone before. Although there is a rebound, the general trend has always been biased towards short positions. Let everyone place empty orders at the first line of 1980, and then the market rose to the first line of 2030 and then began to slide, and finally continued to break through the 1800 mark. It has begun to rebound in the past few days. The recent strength of Bitcoin has driven Ethereum.
On the surface of the news, recently, the US Securities and Exchange Commission (SEC) has once again delayed deciding whether to approve a Bitcoin ETF. For practitioners in the encryption industry, although they have been working on promoting the approval of Bitcoin ETF, this is not the first time that the SEC has rejected the launch of Bitcoin ETF. Throughout, the crypto industry has been disappointed by the SEC's refusal to approve a Bitcoin ETF. They believe that a bitcoin ETF could make bitcoin truly a mainstream choice for institutional investors. For cryptocurrency enthusiasts and investors looking to profit from their trading, tracking a Bitcoin ETF may be the best opportunity to do so. With the development of the digital asset market, Bitcoin has become a globally recognized "digital gold". The competition in the Bitcoin industry is becoming more and more fierce, as is the market outside the United States, such as Canada, so it is only a matter of time before the United States approves the listing of Bitcoin ETF. 7 O'Clock Capital Jiujing believes that the specific time for the United States to approve the Bitcoin ETF may be this year or next year, and the overall development of the encrypted digital asset market and the SEC's regulatory policies still depend on it. Once the United States approves the launch of the Bitcoin ETF, it will provide the market with friendlier and safer innovative financial products, and it will also lower the threshold for retail investors and small and medium net worth investors to enter the encryption market, which will eventually promote the accelerated development of the digital currency industry.
On the policy front, Randal Quarles, vice chairman of the U.S. Federal Reserve Board for Financial Supervision, said he believes that neither dollar-pegged stablecoins nor digital currencies issued by foreign central banks are likely to be the main cause of dollar concerns. As the global economic and financial system continues to evolve, it is inevitable that some foreign currencies (including some foreign CBDCs) will be used more in international transactions than at present. The development of cryptocurrencies is also a trend, and we can wait and see.
Looking back at the market, the author’s point of view has been revealed in the previous analysis of Bitcoin. Relying on the position of 32,000, the market will gradually rise. Influenced by policies before, Bitcoin gradually began to decline, but as institutions Continuous buying, the market has improved, and the current currency price has returned to around 35,000. The whole trading day yesterday was to gradually attack the resistance level of 35,200, and finally failed to break through. The current market has begun to fall back, from the general direction Look, Bitcoin is still fluctuating at a low level. 35200 is an important resistance level. If it can successfully stand firm, the price of the currency is expected to hit the 40000 mark. The 4-hour line analysis shows that the price of the currency has successfully stabilized in the middle of the Bollinger Band After testing the resistance of the 120-day moving average above the first line many times, there is no effective breakthrough. This will inevitably lead to a wave of corrections in the market, and then rise after gaining momentum. At present, the upper shock range is gradually narrowing on the hourly line. Waiting for a breakthrough, in the short term, the market needs to step back, so in terms of operation, the author believes that the empty orders around 35000 can be held to the first line of 34000-34200, and then everyone relies on the support of the position near 33500 to gradually place more orders. The idea is to look at the back step first and do a rebound. Due to the frequent changes in the market, sometimes the article is too late to update. You can search Tang Sizhe for more real-time analysis. No matter what changes in the market, we must learn to change our thinking. In addition, in terms of operation, the author It is considered to be strict with stop profit and stop loss.
The trend of Ethereum follows the big pie. Yesterday, the market continued to rise and finally stopped at the 2145 line, and then began to fall back. The lower part tried the 2050 line again, and then rebounded again. The current market is hovering around 2100. Looking at the daily line, the Bollinger Bands It started to go flat, and the short trend has eased. The attached indicator MACD is running upward in the pre-crossed golden cross below the zero axis. The short kinetic energy began to gradually decrease, and the market showed signs of rebound. Analyzing the short-term period, the 4-hour line showed a clear trend The bullish trend, the bulls need to exert their strength. During the day, everyone should focus on the resistance of the 120-day moving average at the 2210-line position. The hourly market has undergone several hours of high-level consolidation and the direction has yet to be determined, but it is still in an upward trend. Look, Ethereum is expected to rebound, and stepping back is an opportunity for us to choose to go long. Below we focus on the support of the two positions of 2080 and 2040.
