Ethereum's upward return to the 4100 line is expected to break new highs within a day
BTC market analysis:
Yesterday, after Bitcoin broke its position and pulled back sharply, the market rebounded and entered a high level of consolidation. Prices fluctuated back and forth in a range of several thousand points, and the situation returned to various shocks again. The intraday volatility pattern has not changed, but the range has been compressed, and the highs are close to the 57,000 line. If the next break is stable, it is expected to move towards the 58,000 position.
On the daily chart the price closed yesterday, but the lower shadow line is longer. The market has repeatedly retreated and did not break any more positions. Although the current market is not strong, the highs have broken through the middle rails of the suppression, and the current price is near Operation, if the follow-up can stabilize, the market is expected to test further upwards. In the attached figure, the two MACD lines remain parallel near the zero axis, and the RSI and Stoch hooks tend to move upwards, which indicates that the intraday market tends to fluctuate upwards.
On the short-term hourly chart Bollinger Bands is closed, and the market is walking in the middle-top track area. There are signs of pressure in the short-term uptrend. It has been blocked at 56850 many times, and the trend is also a callback and entered a high consolidation. If the market fails to break the pressure level in the future, the price may still reverse the first line of 55,000. Conversely, if this is a breakthrough, it is possible to sprint further near 57300. Upside focus focuses on 56850-57300-58600, and bottom support focuses on 55000-54000.
BTC Morning Strategy
1. Price rebounds near position 57300 and enters the market with an empty order, stop loss 57700, see profit at 56700-56400
2.Price has retreated to 55000 position and more orders enter the market, stop loss 54700, see profit at 55600-56000
3.The current short-term breakthrough through the 56900 repression position, you can consider more wet storage, and take profits around 300 points
ETH market analysis:
The Ethereum market fell sharply during the day, and subsequent gains rebounded. Last night, the market rebounded as expected. It has broken the first line-up at 4100, and the highest level is under pressure near 4150. The price may move further towards 4200.
On the four-hour chart Bollinger Bands is opened upwards. The market has been closed for four consecutive cycles in the upper middle lane. The five-day and ten-day moving averages are at the golden cross. The price is also slowly rising and currently running near the 4130 position.Although the short term correction is blocked near 4150, the current trend is leaning towards the upside, and there is a possibility of breaking positions to continue the advance, so the idea of maintaining multiple orders within one day can be maintained. . Under support 4080-4000-3900.
ETH Morning Strategy
1. The price has retreated to the position near 4080 and entered the market with more orders, stop loss at 4050, and stop profit near 4130.
2. If the price can break through the short-term crackdown at 4150, you may consider pursuing more with wet storage, and taking profits at 20 points.
3. The price touches the position near 4000 to cover long positions, stop loss 3960, and stop profit 4050-4080
Indicators are time sensitive, and there are delays in delivery of shipments, so please refer to the real time market for details. Again, to do a good job of risk control, no matter how high your valuation of the future market is, you have to take your profits and stop your losses!