BTC/ETH market analysis: BTC pays attention to the oscillation range, ETH pays attention to the short-term daily support!
As the price of Bitcoin fell again, the market started a short-term decline again. Let's reorganize the market situation.
BTC: Daily oscillation range 64,200-67,850, short-term amplitude range 64,200-66,000
The daily oscillation is the entire oscillation range that belongs to the lower track of the daily Bollinger Band. Only when the price breaks through 67,850 can it return to the optimistic upper track. During this period, 642,00-66,000 formed a small range oscillation. This position was mentioned in the analysis of the market the day before yesterday. It was previously a dense support area and will also form a short-term rebound resistance area at present.
RS: Index 40, neutral and normal.
ETH: Pay attention to the 3,640 daily resistance for rising resistance, and pay attention to the daily MA7 3,450 for falling short-term. Weekly support 3,350. The price is running on the lower track of the daily Bollinger Band, and the lower line of the daily Bollinger Band is about to touch the weekly support. If it continues to fluctuate and fall, Ethereum's short-term trend will also go out of the lower track and fluctuate in a large range like Bitcoin.
The large fluctuation range to be formed is 3,350-3,640.
RSI: Index 45, neutral policy.
In the absence of external narratives or macroeconomic stimulation, the market continues to maintain the trend of large and small fluctuations. Pay attention to whether the support is effective. If the test is effective, you can grasp the fluctuation of the range. Under the premise of looking at the large range fluctuation, you must pay attention to the resistance breakthrough in the large range fluctuation.
