Bitcoin and Ethereum Market Analysis: Long and Short Markets Need to Be Cautious

Fundamentally, foreign epidemics have rebounded twice. U.S. stocks opened higher yesterday and then fluctuated. Today is the day of the U.S. presidential election. No matter who is elected, the market will fall into a unilateral or long-short market, so we need to pay attention Risk control, it doesn't hurt to be cautious.

BTC market analysis: In the hourly chart, after the Bitcoin market fluctuated in the morning range, the market rose again, the highest point touched the 14058 line, and then the negative line collected by the market fell back directly engulfed the previously high positive line. The Bollinger Bands have moved upwards after being elevated. The lower short-term support is at the 13620 line, and the upper pressure is at a new high. It can also be analyzed in combination with the short-term pressure above Ethereum.

ETH market analysis: Linked to Bitcoin, today's high point hit the 390 mark, and then the market fell back. The short-term lower support is at the 380 mark, and the Bollinger Bands are running upwards. On the whole, it is a long-short and repeated market, which requires attention to risk control and a reasonable grasp of profits.