Pay attention to the situation of Bitcoin and Ethereum
Bitcoin market: Pay attention to 2 key points, 2 resistances, and 1 upward movement.
2 Key points,
The key position of the monthly line is 68,600. The price of the monthly line has been frequently interspersed recently, and this position has continuously played the role of support or resistance. At present, it is oscillating again, forming some turnover.
The key position of the daily line is 65,000, which is also the dense concentration position of other Bollinger bands and EMA. In the short term, this position can be used as an effective strong support for decline.
2 Resistance,
The first resistance in the short term is the 4-hour middle line and the EMA30 concentration position. It should be noted that the current 4-hour Bollinger band middle line will cross the EMA30 to form a "death cross" signal. If the price cannot break through this resistance in the short term, it will be enough to fall back.
The second resistance is around 71,000-71,400. This price range comes from the 4-hour and daily resistance respectively. If the price rebounds in the short term, this position needs to pay attention to the breakthrough. (Death cross signal is a probabilistic indicator signal, don't follow it blindly)
1 Move up,
After a month of rise and consolidation, although the price of Bitcoin has not set a new high in the short term, the position of the weekly support has moved up. The index has now moved up to around 59,000. The upward movement of the bottom support will also provide an effective buffer for the subsequent decline.
The RSI index fell back to 60. Observing the index, after touching above 70, although the price continued to rise for a period of time in the short term, there was indeed a short-term decline. The index is currently in a neutral stage. Once it falls to 30, it will trigger an oversold rebound.
Ethereum disk: Pay attention to 2 resistances, 2 supports,
2 resistances,
The first short-term rising resistance is the daily 3840 position,
The second short-term resistance comes from the weekly 4060 position,
2 supports,
The first support for the decline is the 4-hour 3640 position,
The second support for the decline is the monthly support and the daily EMA support of 3550.
The price fluctuations of Bitcoin and Ethereum are relatively small over the weekend. Pay attention to the turnover in the sideways position. If there is a shock turnover at or above the key support position, it will help stabilize the price in the short term. Of course, the main trend still depends on market sentiment.
