Bitcoin is in the throes of bulls, and it is better to pull back and buy more within the day
Today's information:
Today's information:
In early 2017, the price of Ethereum hit $300 for the first time. At the time, Bitcoin was worth $1,000, and it is now 11 times higher. ETH is a great vehicle to trade, but for a buy-and-hold investor, history shows that nothing comes close to Bitcoin.
BTC market analysis:
BTC market analysis:
Bitcoin once again received a small positive K yesterday, and the overall range fluctuated within a narrow range between 10820-10620 yesterday, and the strength of the bulls was even better in the tug-of-war. Yesterday, it tested twice in a row around 10800-10850 and quickly fell back, indicating that the suppression in the upper range is still relatively strong. At present, the currency price is running between the middle and upper rails of the Bollinger Bands. For the upper suppression, first look at the position of 10800-10850, and then look at the position of 10930 on the upper rail of the four-hour Bollinger Bands. The lower support first looks at the position of the four-hour MA10 daily moving average at 10710, followed by the middle rail of the Bollinger Band around 10620. This wave of gains in the morning has laid the foundation for today's bullish market, and today's operations should be more grasping for callbacks and long orders.
Suggestions for BTC intraday operation:
2. Enter an empty order around 10850, take profit at 10750-10730, and stop loss at 10930;
ETH market analysis:
ETH market analysis:
The ether daily line has received three yangs in a row, and there is a high probability that today will be another day of yangs. At present, the currency price is suppressing around 362, the middle track of the Bollinger Band on the crazy test day line. If it successfully stands on the middle track of 362, then there is a high probability that the upper part will be around the position of 365, the upper track of the Bollinger Band for four hours today. The next step for the upper suppression is to pay attention to the daily In the line chart, the MA30 daily moving average is 374. Today's lower support first looks at the 5-day moving average line 354 in the four-hour chart, followed by the 10-day moving average line 352-350. In terms of intraday operation, it is recommended to call back long orders, supplemented by empty orders at the key support level above.
Suggestions for ETH intraday operation:
1. Enter long orders near 350-354, take profit 360-362, stop loss below 348;
