BTC/ETH continues to decline unabated, the market is extremely panicked
Bitcoin market trend analysis:
Bitcoin market trend analysis:
After rebounding to around 11,000 today, Bitcoin fell under pressure again. At present, the lowest level has fallen to around 10505. It is generally in a weak position. At night, it is necessary to focus on the gains and losses of the 10550-600 line.
On the daily chart, the currency price fell again under the pressure of the 60-day moving average at 11147 yesterday. The market in the past few days has been retraced by its pressure, and today the currency price continued yesterday's decline after a weak rebound , At present, the short-term has pierced the first-line support of the Bollinger Band middle track 10574. Today, we need to focus on its gains and losses. If it fails, the currency price will fall into a weak decline again. Otherwise, there is still hope for a rebound in the currency price.
Looking at the four-hour chart, the opening of the Bollinger Bands has expanded, and the currency price has fallen below the lower rail support in the short term, and is currently oscillating below the lower rail. The falling kinetic energy column of the attached MACD indicator continues to increase in volume, indicating that the currency price still has a short-term retracement needs.
If there is a broken position in the market, the author Chu Zhiwei will make real-time strategy adjustments according to the actual situation, please continue to pay attention to the author! (Please consult the author Chu Zhiwei for the specific entry point)
If there is a broken position in the market, the author Chu Zhiwei will make real-time strategy adjustments according to the actual situation, please continue to pay attention to the author! (Please consult the author Chu Zhiwei for the specific entry point)
Ethereum market analysis:
Ethereum market analysis:
