Analysis of Bitcoin's market today, Bitcoin has been fluctuating around 27,000 for the past two days, with only 400 points of fluctuation, that is, the amplitude is only about 1.5%, and there is basically no movement, but it has dragged down the rise of Ethereum. Tomorrow is Monday, a new week has begun, there is nothing new under the sun, it has been fluctuating for 11 consecutive weeks, if according to the Fibonacci time sequence, the time of change will be the next week, does it sound more annoying? At present, the trading volume has decreased, and the next market is still volatile, ranging from 25,000 to 32,400.
Everyone poured into Ethereum yesterday, but it was dragged down by Bitcoin. Currently, it is above the key trend line. If it does not break the trend line, it is highly likely that Ethereum will hit the resistance level of 1930, and it is also possible to hit a higher level of 1980. If Bitcoin fluctuates and falls, Ethereum will follow suit, and it may fall more sharply, because more people have entered, and it is easy to cause stampedes when running. If it breaks the trend line and forms an M head, it may complete a potential bat pattern. We should consider a rebound when it deeply retreats to the position of 1777, and then consider long and short positions.
Liking and following is the greatest support to me, thank you!
