Ethereum bulls are rising strongly!!! The altcoin carnival season has begun, old coins and new nobles are on the field, who will become the next hundred times coin?
The sentiment continues to ignite, retail investors are experiencing a kind of breathlessness. Affected by the US stock market, BTC continues to rise. Recently, almost all retail investors are trading based on sentiment, regardless of the US stock market or the cryptocurrency circle. Anyway, retail investors in the financial field are all referred to as leeks.
Currently, from the daily level, BTC has not effectively stabilized at the key point of 97600, if it can't go up, it can only go down.
Yesterday's surge was not sufficient, large funds did not enter the market, it should be another operator's move. Institutions will also go long and short. It’s just mutual hunting.
Today should make a pullback, MACD dead cross down, still a bearish pattern, risks are always present. The daily level's top divergence has been there for a long time, which is actually a bad signal, the strength of the operator's rise is weakening, while retail investors' sentiment is driving and continuously buying. As for why it hasn't immediately gone down, it can only be said that the operator's goods haven't been sold out. At this time, from a technical point of view, it means selling more as it rises. There are suspicions of the operator distributing chips at high positions.
At the 1-hour level, it broke below the middle Bollinger band, with short-term support near 94000, 91000. Resistance above is around 97600. Currently, the short-term level has not stopped falling.
As for spot players, it takes time to wait, cycle layout does require patience.
Currently, the sentiment indicator has entered extreme greed.
Recently, some old coins have indeed soared to the sky, it seems that the ginger is still the old big spicy, so from this point, it can be seen that ETH has great potential in the future.
Ethereum bulls continue to be strong, liquidity has temporarily decreased but the coin price has not fallen, there is reason to believe this trend will continue slightly, keep paying attention.
