【Market review】
Dabing continued to fluctuate in the early hours of this morning, and failed to break through the 9400 mark many times in a row. However, it failed to gain a firm foothold, and then began to pull back. It is currently below 9500 and is consolidating in shock.
【Market analysis】
【Market analysis】
BTC: Looking at the 4-hour level chart, the Bollinger Bands are running upwards, and the price of Bitcoin began to slowly go back and forth after encountering pressure on the upper track. Technically, the red kinetic energy of the MACD golden cross bulls changed back and forth from heavy volume to shrinking volume, and KDJ three-line operation Therefore, the market is in the pre-overbought zone during the day, and the short-term market is expected to fluctuate first to accumulate strength, and then rise again in the evening. It is recommended to buy more after stepping back.
Suggested operation: enter long orders around 9400-9500, take profit at 9600-9700.
ETH: Looking at the 4-hour level chart, after yesterday’s continuous upward breakthrough, Ether has briefly retraced and entered the repair stage. Today, it completely shows the current status quo. The retracement layout remains unchanged, and the RSI indicator is currently flat. The probability of a follow-up retracement is relatively high, but it will not retrace too much and continue to climb upwards. The kdj indicator also shows a short-term flat trend, and the general direction is still dominated by bulls.
