After the big pie soared high and then fell into a consolidation, what will happen to Ethereum in the future?
BTC market analysis:
Yesterday, Bitcoin’s daily line received a physical Yang K with upper and lower shadow lines. The long-short battle ended in the bull’s unilateral upward break at midnight yesterday. Recently, the upper side has been under pressure, with a maximum of 10948. Since the early morning of this morning, Bitcoin has once again fallen into a high volatility in the 10846-10950 range. In the daily chart, the currency price broke through the support of the middle track of the Bollinger Band yesterday, and is now running in the middle and upper track of the Bollinger Band. For the suppression above, first look at the upper track of the Bollinger Band at 11,000, and then at 11,150. In the four-hour chart, the Bollinger Bands open upwards, and the currency price has broken the upper rail. The lower support within the day first looks at the support of the middle rail of the Bollinger Bands at 10690, followed by the MA60 daily moving average around 10660.
market analysis
market analysis
2. Enter short orders around 11000, take profit 10900-10840, stop loss 11100;
ETH market analysis:
Ether basically rose and fell at the same time as the big pie yesterday. At midnight, it went up in a wave up to the 353 line. The daily line finally ended with a real positive K. The intraday volatility was more than 17 points, and the bulls won the victory. Since then, ether has also started to fluctuate at a high level since this morning, and the shock range is 349-353. In the four-hour chart, Ether runs in the middle and upper track channel of the Bollinger Bands, and is currently suppressed at the 356 line on the upper track of the Bollinger Bands, followed by the 360 position. The lower support first focuses on the 344 line of the middle rail of the Bollinger Band, and secondly concerns the 342 position of the MA60 daily moving average. According to the indicators in the attached figure, the RSI shows obvious signs of pressure. Although the stochastic index has formed a dead fork, the signs of downside are not very obvious. Therefore, in today's operation, it is still recommended that everyone deal with the volatile market first, with high altitudes and low prices.
market analysis
market analysis
ETH intraday operation strategy: 1. Enter long orders at 344-346, take profit at 350-352, and stop loss at 340;
