Market analysis: Bitcoin has continued to fluctuate at high levels in the past few days. Since the last time it surged to around 38,000, it has surged higher and fallen back, fluctuating around 37,000 and accumulating strength. 38,000 is the volatile and intensive trading area of the last bull market. It is difficult to break through at one time, so more energy is needed. Judging from the K-line shape, the current K-line still stands above the daily level MA5 and MA10, and still maintains the advantage of the bulls. However, what needs to be noted at the moment is that both MACD and KDJ at the daily level of Bitcoin have shown divergence signals, that is, the K line has reached a new high, but the indicator has not reached a new high. Therefore, we must pay attention to risks. There is an expectation of a short-term decline. After the decline, You can continue to get on the bus and look long. The support level is near 36,000 and the pressure level is near 38,000.
Last time, Ethereum benefited from the good news of BlackRock's application for trust and Nasdaq's submission of Ethereum spot ETF. It broke through the 2000 mark at one time, reaching a maximum of around 2136, and then a daily level Dimark sequence appeared. The signal of TD13 started to fall all the way down. At present, we are about to test the position where the strong pressure of 2000 becomes a strong support. A rebound this morning was suppressed by the daily MA5 moving average. The daily KDJ three-line dead cross continues to diverge downward. There is an expectation of a short-term fall. After the fall, you can continue to get on the bullish trend. The support level is near 2000 and the pressure level is near 2100. #BTC #ETH.