According to reports, Norwegian billionaire Øystein Stray Spetalen, who recently called Bitcoin "nonsense", made an undisclosed investment in Norwegian local cryptocurrency exchange Miraiex. In addition, he also purchased an undisclosed amount of Bitcoin. But before this, Spetalen had severely criticized Bitcoin for its energy consumption and suggested that the European Union should immediately ban Bitcoin.
BTC market analysis:
In the evening, the pie broke through the 56,500 line of suppression. The market broke the position and went up strongly. Within a short period of time, the price continued to rise. The current high has exceeded the 58,000 position, and the bullish sentiment continues to heat up. If the price can stabilize the 58,000 position in the future, the increase is expected to continue. 60,000 mark in the early stage.
Due to this wave of Bitcoin breaking up by 2000 points, the intraday market has continued to rise again, changing the pattern of high volatility in the morning. At present, short-term upward signals have been given, and the Bollinger Band gap has been opened. If it breaks through the 58500 pre-repression zone in the future , The price will rise again will be a high probability event. The overall current bullish sentiment is strong, so follow-up operations are recommended to follow the trend and mostly single-oriented, breaking the position can grasp a wave of short-term gains. Below support is concerned about the 57000 line, followed by this wave of rising point near 55900, short-term suppression of attention to the 58500 line.
BTC operation strategy:
- Make short position when the price goes near 56000, stop loss: 55800, target profit: 56500-56800
- If it breaks through the 57000, Make long position, stop loss: 56700, and target profit at 57600-57900
ETH market analysis
The evening market of Ethereum also broke its position and went up. The price broke through the upper track of the 1716 interval, and went out of a wave of more than 50 points to rise. The current high is under pressure at the position of 1772, and the upward market has touched the suppression area of 1770-1780. If the subsequent rebound cannot be sustained, once the price upward trend weakens, the market may face a short "counterattack."
Looking at the short-term hourly chart, the price has continued to rise for four consecutive years, and the market is biased towards the upside, but the price is under pressure at the 1772 position, and the short-term line rhythm has been interrupted. It is expected that the market will pull back to test support and then go up again. Therefore, it is not recommended to blindly chase the rise in operation at present, and to do more steadily or pull back. The support below focuses on the 1735 first-line position.
ETH operation strategy:
- Make short position when the price rebounds 1770-1780, stop-losses: 1790, target profit: 1750
- If it breaks through the 1735, Make long position, stop loss: 1715, and target profit at 1770
The analysis is time-sensitive, and the posting is always delayed, so please take the real-time market as the standard. Re-emphasize, do a good job in risk control, no matter how well you judge the future market, you must control your stop loss and target profit!