A new week is about to begin. As mentioned before, the pressure level of Bitcoin remains at 30,000 and that of Ethereum at 1,600. Judging from the current market situation, this position has been broken. So next week we will also usher in a new wave of market trends.
The feedback given by the market at present indicates that the trend may still be dominated by bulls next week! By then, we will also have to make corresponding adjustments to the timing of entry, and the previous suppression level is likely to be converted into a support level!
Back to today's market, at the 4-hour level, the Bollinger Bands are open, and the K line is also stabilized above the middle track, and is expected to break through the upper track! The MACD bullish energy column is gradually increasing, and the KDJ three lines form a golden cross upward! At the 1-hour level, the price has approached the position of the MA60 daily moving average, and it has also been temporarily stabilized! However, the KDJ three lines are also in an oversold area! Combined with the main picture, the intraday volatility is still acceptable, which also creates a multi-layer profit space for coin friends. Looking at the overall trend alone, it is still a bullish direction!
BTC: 29900-29700, long, target: 30300-39600, risk control: 29500
ETH: Long around 1625-1605 Target: 1650-1670 Risk control: 1590
Friends who have lost money should not be discouraged, and friends who have made profits should not be complacent. Let yourself invest rationally with a calm mind. Teacher Xu will give accurate analysis and reasonable suggestions to help friends in trouble solve problems and friends in good times achieve better results. I hope my analysis will be like a lighthouse, guiding you in the vast cryptocurrency market. #etf #xrp #geminiearn
