Bitcoin and Ethereum market analysis: how to grasp the market after rising and falling
Yesterday, the overall trend of the Bitcoin market was above the short-term support level of 13422.23 mentioned by the holders many times. At noon, the market approached the support level. Fortunately, it did not fall below the support level. At 16:00 yesterday, the market reached the top of the range. The currency holders here also remind everyone not to fall back and down. At around 18:00 yesterday, the Bitcoin market once again hit a new high for the year, touching the 14099.94 line, and then the market fell back, and Ethereum moved simultaneously.
BTC market analysis: In the 1-hour chart, after the bitcoin market rose slightly and fell back slightly, the market has entered a period of consolidation again. At present, the bitcoin market is around the 13740 line. The top of the forest track fell back to the bottom of the middle track, the short position in MACD can be initially released, and the bitcoin market can be analyzed in combination with Ethereum.
ETH market analysis: Since the Ethereum market did not fall below the 377.38 line in the hourly chart of currency holders, the currency price has been rising all the way. When Bitcoin was at the top of the range, Ethereum also linked to the Bitcoin market and did not fall back. After touching the 394 line, the market fell back, and the current lowest point touched the 384.2 line, and then the market went up a wave, and the overall Ethereum market once again formed a range.
