1.7 Lunchtime Thoughts
With the continuous recovery of market sentiment and the increase in institutional holdings, the crypto market has regained its enthusiasm. Yesterday evening, the price of the coin broke through the 100,000 mark and stabilized. The idea of continuous bullishness in the ten-day period was verified again. As the price of the coin stood above the 100,000 mark again, it brought great confidence to investors and also injected vitality into the entire cryptocurrency market.
The daily price ratio is still running above the upper track. The previous retracement has not changed the overall strong structure. It is currently in an upward trend. The daily line has formed a continuous rise. The visible lower low is constantly moving up. The short-term rebound is strong. The daily line has two consecutive positives. In the short term, there is still a trend of continuation.
Consolidation at a high level in one hour, the upper track of the Bollinger Band turned downward, and the price also tested the middle track several times. The consolidation is also a form of relay oscillation and tug-of-war. Next, as long as the currency price remains at a high level and holds the key support area, the next market will most likely charge upward. The idea is still the same as in the morning, and you can go long when you step back!
Pie: More around 101000-101500, looking up to around 103000-103500, and breaking through can see 105000
Ether: More around 3620-3650, looking up to around 3730-3750, and breaking through can see 3850
