Bitcoin and Ethereum market analysis: the lower the low point, the higher point

Yesterday, the bitcoin market fell in the morning, the key position of 13422.23, which was given by the holders many times. At around 23:00 in the evening, the bitcoin market broke through the 13422.23 line strongly, and the market returned to the previous range again. Compared with the strong range of Bitcoin , the overall downward trend of Ethereum is obvious.

BTC market analysis: In the hourly level, BTC has returned to the line near the top of the previous range at 13635. This is the third time that it has returned to this area. With the pull up in the morning, the Bollinger Bands opened again, and the bullish volume in the MACD below can show a decaying trend.

ETH market analysis: It can be seen in the 1-hour chart that after yesterday's market decline, the Ethereum market as a whole has been supported near the line 377 at the bottom of the box in the coin holder's chart. It is currently rebounding to the central area, and the market is trying to break through the hour On the upper track of the chart, the long position of the MACD below can be continuously released, and the two markets need to be combined with each other for real-time analysis (it has been written many times, so I won’t write more about support and pressure). On the whole, the low points of long positions are getting lower and lower, and the high points of short positions are also getting lower and lower.