4.29 Ethereum is getting stronger! But Bitcoin seems to be in danger? How to operate?
Bitcoin rebounded slightly yesterday, and the price briefly reached above 64,000, but soon the price began to fall again. The current price is around 63,000, and it has adjusted back to the previous low.
From the daily line, although Bitcoin rebounded slightly yesterday, the trend has not changed. It is still the trend of bottom rebound and then encountering the middle track of the daily Bollinger band and being blocked and falling. It is expected that this trend will continue, that is, it will fall to the lower track of the daily Bollinger band, which is near the previous low.
From the macd below, the current volume column is still continuing to increase. The previous fast and slow lines showed a trend of forming a golden cross, but the price fell after being blocked by the middle track of the Bollinger band. At present, the fast and slow lines turned downward, which is a manifestation of the continued downward trend.
Then we see the four-hour level. Yesterday's small rebound was also resisted by the middle track of the Bollinger Band at the four-hour level, and then began to fall back. Now it has almost fallen to the lower track of the Bollinger Band, which is also near the previous low point of the price. There should be some resistance here at present.
From the perspective of macd, the fast and slow lines of yesterday's small rebound formed a golden cross trend, but it was not able to run continuously and achieve the trend of crossing the zero axis. At present, the green volume column is beginning to shrink. The fast and slow lines are beginning to form a dead cross below the zero axis. The dead cross below the zero axis is likely to cause the price to fall below the previous low, that is, it will cross the lower track of the Bollinger Band at the four-hour level, and there will be a greater downward trend.
Then there is the situation of Ethereum. Yesterday, Ethereum was very strong. The price rose by 8% at the highest, which is much stronger than Bitcoin. The price broke through the upper track of the Bollinger Band at the four-hour level, and the highest was around 3360, but it is also beginning to fall and fall.
Then Ethereum is definitely strong, so it should be based on the trend to find opportunities to go long, but Bitcoin is relatively weak and has a risk of falling.
Judging from the MACD, the fast and slow lines are currently forming a dead cross trend, and the green bullish volume column is shrinking. However, because the fast and slow lines are above the zero axis, there is a chance that a golden cross trend will form when the fast and slow lines return to the zero axis, and the price will return to the upward trend.
So, in summary, Bitcoin is more dangerous. If you want to buy Ethereum, it is best to enter the market after the fast and slow lines form a golden cross above the zero axis. This is a more certain bullish signal.
