Bitcoin and Ethereum Market Analysis: Range Shock After Soaring High

Bitcoin as a whole showed an upward trend yesterday, breaking positions continuously, and the gains were strong. In the range shock of Bitcoin this morning, it once again refreshed the high point of the year, and the high point touched the 13786.37 line. Ethereum was also linked to Bitcoin yesterday, and the market also rose all the way, filling the gap caused by the market decline the day before yesterday, and the highest point touched the 410.26 line.

BTC market analysis: On the daily line, after the previous period of consolidation and gaining momentum, a big positive line was collected yesterday. Here is also a reminder to follow the trend, grasp the market reasonably, and pay attention to risk control. In the 4-hour chart level, today’s market as a whole shows a range-bound trend after a surge. The Bitcoin market is hovering around 13680 on the upper track, and the long position below can continue to be released.

BTC strategy:

1. When the market is near 13520, enter more orders, stop loss at 13420, and target around 13650.

2. The market enters the market with an empty order near 13750-13780, the stop loss is above 13800, and the target is near 13650.

ETH market analysis: On the daily line of currency holders (btc068068), the market trend of Ethereum is weaker than that of Bitcoin. It is currently in the middle and lower areas of the box like the Bitcoin market. In the 4-hour level chart, the Bollinger Bands are showing a downward trend, and the MA30 moving average The 406.5 line forms a short-term suppression position. If this position is broken and stabilized upward, the MACD bullish volume can be initially released, and the lower support can only be seen at the bottom of the box.

ETH strategy:

1. When the market is near 400, enter the market with more orders, stop loss below 398, and target near 406.

2. The market enters the market with an empty order near the position of 411, the stop loss is 416, and the target is near 406.