BTC/#ETHmarket analysis: Weekly and monthly lines adjusted, Ethereum gradually became stronger, while Bitcoin bulls are still poor!

This week is the second week in recent times that there have been large market fluctuations in the early hours of Monday, so let’s first take a look at the market situation.

First of all, it’s a new week, a new month, weekly and daily line updates, and the changes in support and resistance of Bitcoin and Ethereum. Let’s update them.


BTC：
1. The weekly line moves up and will form a weekly resistance point near 65,400, which will bring pressure to the subsequent rise.
2. Between the lower side and 60,000, there is an additional short-term support of the monthly MA7. At the same time, this moving average is in the upward stage. If the support is effective, the subsequent upward movement of the moving average will move the support upward, which will bring certain advantages to the short-term stability of prices.
3. Continue to look down, support 60,000, this position is a consensus area, see if it can stimulate buying volume,
4. The key technical support is still the 67,000-68,000 range.
5. The daily MA200 has moved up to around 68,000, which will provide some support for the possible decline in the future.
6. Although the breakthrough from early morning to morning was "eye-catching", it did not actually break through the upper track of the daily Bollinger Band. The obstruction position was around 63,9200, which was the middle line of the daily Bollinger Band (MA20). Today's intraday breakthrough did not actually return to the upper track of the Bollinger Band. The bullish sentiment is a bit poor, and if the price cannot return to the upper track, it will not be able to change the downward trend of the current daily moving average. (in the yellow circle in the figure)
7. The RSI index rebounded to around 45, which is a neutral normal index.


ETH：
1. 3620 on the daily line is an effective short-term resistance level. Ethereum's ETF can pass through at any time between this week and next week. It is necessary to focus on the breakthrough of the large-scale resistance level to understand the bullish sentiment brought about by the positive news.
2. The weekly Bollinger Band middle line (MA20) moves up to around 3460, forming a short-term key support level. At the same time, Ethereum hovers around it again, and this position will switch between support and resistance.
3. The short-term effective support below comes from the 3340 support provided by the 3-day MA7-day line.
4. Although Ethereum has risen along with Bitcoin, it has returned to the upper track of the daily Bollinger Band and returned to the daily safe zone, and the bullish sentiment is significantly higher than that of Bitcoin.
5. The RSI index rebounded to 49, which is a normal value. There is still a lot of room above, and it will not trigger an overbought correction in the short term.
6. Ethereum’s daily MA200 has reached around 3080, and the effective large support at the bottom keeps moving upward, which has a resistance effect on possible downward space in the future.

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Overall, although the market rose from early morning to morning and bullish sentiment broke out on a small scale, the overall situation is still poor. Subsequent rises still need the encouragement of market sentiment. Pay attention to the situation after the opening of U.S. stocks tonight.

Currently, the six major technology companies in the US stock market, except Nvidia, have all seen a small increase. The US stock market closed down last Friday, and there may be a short-term oversold rebound on Monday. Pay close attention to whether the rebound of the US stock market tonight can continue. The rise of the US stock market also has a positive effect on the bulls in the crypto market.

#BTC走勢分析 #ETH🔥🔥🔥🔥 $BTC