$BTC

Operation: back down and do more

More than 62,500 BTC, target 64,000

ETH2600, target 2750

-

There were frequent news on Monday, and Ethereum's market deviated from the indicator. However, it is still in an upward trend. The currency price did not rise much after the market broke out for the second time early this morning.

📌Judging from the daily K-line chart, Bit and Ether have appeared K-lines with long lower shadows for many consecutive days, which shows that the support below is quite strong and the market has certain buying support.

📌In the hourly level technical indicators, the closing phenomenon of Bollinger Bands is very serious, the middle track has been rising continuously, the currency price space has been compressed again, the volume above the 0 axis is very weak, and the fast and slow lines overlap and are indistinguishable. The MACD fast and slow line is gradually approaching the zero axis, and the red histogram is slowly shortening.

This may be a warning that the trend may be at some risk of a pullback, i.e. the price may temporarily fall.

If there is a correction below the 12-hour track

It is currently converging for twelve hours

The lower track will coincide with the middle track of the daily line near tomorrow and Wednesday.

👉If it pulls back to the middle track of the daily line as scheduled, it will probably reach around 593

👉If there is only a 12-hour medium track, it will be around 61 at most