Blockchain Liangqiu: 5.20 Bitcoin/Ethereum fluctuated sideways over the weekend, and the main focus was on band operations.
We continued to arrange short orders at 67100 to 67400 and 3110 to 3130 for Bitcoin and Ethereum over the weekend. However, the sideways fluctuations over the weekend did not show strong continuity in the overall long and short positions. So far, the lowest price of Ethereum has reached around 3056, and the lowest price of Bitcoin has only reached around 66500, and the short position space is not very large. At present, the market has all come to the middle track of the four-hour Bollinger band, with short-term support. The primary focus in the future is the support of the middle track of the four-hour Bollinger band.
From the daily line, the Bollinger band of Ethereum has begun to narrow, and the upper side is concerned about the suppression of 3160. At present, the downward trend of Ethereum on the daily line has not changed significantly. From the perspective of the moving average indicator, the 7-day, 10-day, and 30-day moving averages are still turning upward, and the support has moved up to the 3000 integer mark. If the support below is effective, the bulls are expected to go further. The same is true for Bitcoin. The moving average moves up, and attention is paid to the support line of 65,000 to 65,500. On the upper side, attention is still paid to whether 68,000 can be effectively broken through.
The current market will be accompanied by a short-term retracement, but the bulls on the moving average have not finished, so try to do a good job of the band. The current market is relatively good, and the post is timely. Friends who can't control the band rhythm can consult more. More strategies are mainly based on real-time guidance. #新币挖矿 #BTC走势分析 #ETH #BTC $BTC