Bitcoin continues to pull back, where is the bottom?
【Article Summary】
【Article Summary】
Today's market analysis of Bitcoin and Ethereum, can Bitcoin continue to return to more than 40,000 US dollars today? What does it mean that Hdu Trust will continue to increase its holdings? Ethereum's 2021 bull market price forecast, how long will it take for ETH to reach $2,000? How to judge the security of the platform, etc... These issues are the issues that coin lovers pay attention to every day!
After Bitcoin hit the highest price of 41,900 on January 8, 2021, it began to dive after consolidating at the 40,000 mark for 2 days. It fell by more than 10,000 points in just one day, and reached the lowest line of 30,408 on January 12; The market has been maintained in the range of 30,000 to 40,000 for consolidation;
BTC fell in the short-term and fell below the $36,500 mark. It is now reported at $36,202.18, with an intraday increase of 2.44%. The market fluctuates greatly, and there is plenty of room below. So, if Bitcoin continues to pull back, where is the bottom?
BTC encounters pressure from the upper edge of the range and falls back to run within the range. Currently, the lower edge of the range has risen to 33,000 points, and the upper edge is 40,000 points. The next time interval will gradually narrow, waiting for the Bollinger Bands to close horizontally A new unilateral market can only emerge after a breakthrough in the market shocks. The long-term is still ignored. Investors in short-term spot operations or contracts can operate back and forth between the upper and lower edges of the range. It is expected that today's support will be 36,000 points, 35,200 points, and the pressure will drop at 37,600 points and 38,500 points.
