Blockchain Liangqiu: 6.2 Bitcoin/Ethereum Evening Operation Strategy with Market Analysis

It is hard to describe the market of Bitcoin/Ethereum over the weekend. The overall volatility is small. In fact, Bitcoin and Ethereum have been trading sideways at this position for some time. Bitcoin has never broken below 67,000 and Ethereum has never broken 3,700. With multiple accumulation and bottoming, the market is expected to usher in a wave of pull-ups. In the four-hour view, the Bollinger Bands have once again shrunk to the extreme, and the continuity of long and short positions is not strong. At the same time, the market is about to change. The support strength of the line below 3700 to 3750 for Ethereum is not bad, and Bitcoin is expected to be supported at the line of 67,000 to 67,500.

On the daily line, Bitcoin and Ethereum have been hovering around the 7-day and 10-day moving averages in the past two days. Especially since this round of pull-ups, the retracement strength is relatively small, and the market is expected to move out of the relay pattern in the rise. In the early stage, I analyzed with you that if it is sideways during the decline, the apparent decline has not ended. The market will have another round of decline and then pull up, and the same is true for sideways after the rise. From the perspective of the four-hour technical indicators, both KDJ and MACD technical indicators are in a state of short-term shrinkage, and have not been linked to short-term expansion. Long positions are expected to rebound after bottoming out.

In terms of night operations: long orders are entered near 67400 to 67700 for Bitcoin, with a target of 68800 to 69500; long orders are entered near 3750 to 3780 for Ethereum, with a target of 3840 to 3870. #新币挖矿 #BTC #ETH $ETH $BTC