#主页置顶
Yesterday I mentioned the weekly analysis for the past two weeks, and the movements from yesterday and today are basically following the script. Today, I will briefly discuss the possible daily movement;
Currently, BTC is relatively weak compared to ETH, not even touching the 5-day moving average, while ETH has already crossed above the 5-day moving average, starting to lead the altcoins in a rebound, which is part of the start of the second wave. It is likely to accelerate around the day after tomorrow because today and tomorrow, the American market is closed for a day and a half; today is only half a trading day, and tomorrow is closed. The specific movements of BTC and ETH feel different;
BTC is likely to form a doji over the next two days, reaching around the high point of 96000, touching the 5-day moving average before coming down again. Tomorrow will be similar, with low volume, and the lower point around 93500. Then, starting from the 26th, it should cross above the 5-day moving average and begin to initiate; we can compare this with the SKDJ oversold pattern and the movements during the National Day, both showing daily-level SKDJ oversold. With one side of the market (domestic or American) closed, trading volume decreases, and later on, it will rebound, which is also a second-wave rebound trend, so it feels like it will still form a doji;
ETH is relatively strong, having crossed above the 5-day moving average. It feels like it wants to soar but is being held back by BTC. It may form small bullish candles over the next two days, and then starting from the 26th, it will accelerate the second wave, with altcoins rebounding together, the strong getting stronger, and then reaching the second wave peak on Friday night or over the weekend;
You can refer to the trends, but ultimately it depends on the market movements. Let's make profits together!
