Following the previous report, the effectiveness of short-term bullishness is broken by stepping back without changing the structure, and the bullish sentiment continues to ferment. At present, most of the targets in the currency circle are in the rising structure, so you can pay attention to the breaking of the rising structure. In addition, at 17:00 today on Pancakeswap The IFO project Yieldwatch opened, and it took only 15 minutes to raise funds by 235 times. The investment sentiment in the primary market is hot; at the same time, it cannot be ignored that the US stock market, as the weather vane of the intraday market, has always had a greater impact on the digital currency secondary market. The yield on the 10-year treasury bond once again soared to 1.5%, and is now stable above 1.45%, which may cause market funds to flow to low-risk markets, and US stocks may further decline. The current Nasdaq composite index is 12997.75, If the U.S. stock market effectively falls below the 13,000 line at the opening today, it may have an indirect impact on the digital currency market, so we can focus on it.

BTC/USDT review analysis

As shown in the figure, Bitcoin is currently in an ascending channel structure, and the bullish sentiment continues to ferment. Technically, the focus is on breaking the channel structure. The channel structure is currently blocked by the upper track of the channel and constitutes a false breakthrough in the resonance range of the 51200 line, but It will also cause a certain consumption of the upper order. If it does not fall below the rising channel, it will remain bullish. The upper effective resistance level is around 54000; otherwise, pay attention to the fresh demand area below 45800-46500. This range may constitute a certain downward resistance, and the lower part is valid The support level is at the 43,000 line; at the same time, focus on the opening of the US stock market at night. The superimposed K line in the figure is the Nasdaq index, which is currently around 13,000. If the opening at night effectively falls below the 13,000 line, it may also cause negative sentiment on the digital currency market hit.

ETH/USDT review analysis

ETH/USDT review analysis

As shown in the figure, the trend of Ethereum is relatively weak relative to Bitcoin. It is currently in a rising wedge structure, and the slope of the wedge structure is small, reflecting that the trend is not strong in the technical sense. At the same time, the ETH/BTC exchange rate has remained within the past month The lower range is around 0.0315. The focus is the same as Bitcoin. On the one hand, it pays attention to the impact of Bitcoin’s trend on its own upward wedge structure changes, and on the other hand, it pays attention to the indirect impact of the opening of the US stock market on the digital currency market at night.

Huobi Technology (01611.HK) announced today that the Hong Kong Securities Regulatory Commission has granted a license to Huobi Asset Management, a wholly-owned subsidiary of the company, to conduct Huobi Asset Management’s investment in virtual asset portfolios. Affected by this news , HT bucked the trend and rose 16% in the face of a correction in the broader market. On the technical side, Huobi exchange platform currency HT has undergone a short-term wedge structure arrangement, and successfully broke through the upper track but was blocked near the previous high. It is currently forming a pregnant line structure. If it breaks upwards, it will form effective pressure around 17.8, and pay attention to the downward The short-term demand zone is 14.85-15.35, which may constitute a certain downward resistance, and the focus below is on the effective support zone of 11.95-12.55.

This article is for reference only and does not constitute any investment advice