Bitcoin/Ethereum has been fluctuating sideways at high levels after rising in the past two days, and there is a trend of further strengthening. The low points below are constantly rising, and the high points are also constantly moving up. However, when the market reaches this point, we need to pay attention to the breakthrough. From the perspective of the daily MA moving average indicator, the market has continued to rise since the big cake ether broke through the 7-day and 10-day moving averages. The sideways fluctuations on the weekend are more like a transit in the rising trend, that is, a relay pattern in the rise, and the MA7-day and 10-day moving averages turn upward, and the support is also constantly moving up. Pay attention to the support strength of the moving average from 96000 to 96500 and 3540.
Bitcoin/Ethereum K-line pattern has recently fluctuated around 98000 and 3600, forming a relatively obvious range of fluctuations. There was a rapid rise in the early stage accompanied by a large volume, but then it entered a high-level consolidation. In terms of technical indicators, the current DIF and DEA are both in the positive area, but the MACD bar chart shows signs of gradual shortening, indicating that the bullish force has weakened and the market has a certain space for repair and consolidation. The weekly line is about to close and continue to close positively. In the short term, it will still rely on the support of the moving average below to rise in the band. However, once the moving average support is broken, the market will weaken.
In terms of operation, Liangqiu recommends entering the market with long orders near 96600 to 97200 for Bitcoin, with a target near 99000; entering the market with long orders near 3560 to 3590 for Ethereum, with a target near 3680.