Bitcoin and Ethereum Market Analysis: Continuing Yesterday’s Ideas

Yesterday, the currency holders wrote to the bottom of the box in the morning, and the short-term suppression above. At present, the bitcoin market is fluctuating between the support level of 11266 (according to the support level of Ethereum) and the short-term suppression level of 11400. The Ethereum market fluctuates between the short-term support levels of 363 and 370. It has been verified that the thinking is correct.

BTC market analysis: Bitcoin continues yesterday's thinking, the first stage of support has been reached, and now it is entering the second stage to see if it can open the upward channel, break through and stabilize above 11400, and the support below combined with Ethereum remains unchanged. At present, the bitcoin market has been trying to go up around 11380, and the long position below can continue to be released.

ETH market analysis: Continuing yesterday’s short-term support level of 363.15, the hourly chart of the currency holder (btc068068), the Bollinger Bands opened, the moving averages gathered near the middle rail, the upper 370 mark formed a short-term suppression, and the lower MACD long position can continue to release, fast and slow The line runs above the 0 axis. Like Bitcoin, to open the upward channel above, more bulls must be needed to push it above 370.

Conclusion: The market moves and changes in real time. Only the real-time K-line signal from the market is the basis for deciding to enter the market. I hope everyone can make reasonable and objective judgments in the transaction.