On March 28th, former US Department of Homeland Security official Christopher Krebs called on the government to strengthen the supervision of cryptocurrency, saying that the ability of cryptocurrency to make anonymous payments is a cyber threat that ordinary Americans worry about. Krebs recommends paying attention to the cryptocurrency in the transaction wallet, putting pressure on the country where cybercriminals are located, to combat illegal activities against the United States, and helping state and local governments improve their defense capabilities.
BTC market analysis:
Bitcoin continued its upward trend yesterday, the price went out of more than 2,000 points of increase, and the high reached 55,531. The overall market continued to pick up. As of today, the market opened sharply, and the price broke the suppression of yesterday and went out of a slight upward pull. The current trend is in the area above 56,000. The bullish sentiment is heating up, and the price may rise further in the day.
On the daily chart, the price is out of Lianyang, and the market is constantly trying to break the repression. The situation has improved and the bulls are regaining lost ground. The current price is also operating above the five-day and ten-day moving averages. Although the intraday gains are not strong, the upward trend is more obvious. The follow-up will focus on the 57200 first-line suppression. If the market can successfully break through, the price is expected to move toward the 58,000 first-line.
On the short-period hourly chart, the Bollinger Bands are opening upwards, the trend is upwards, and the moving averages maintain an upside attitude, the market enters a volatile upward rhythm, the current trend has not broken again, so it is not recommended to blindly chase the rise in operation, beware of the market's inheritance Pressure retracement below support. Steady or callback to do more, short-term support followed by 55600-55000.
BTC operation strategy:
- Make short position when the price goes near 57000, stop loss: 57250, target profit: 56500-56300
- If it breaks through the 55600, Make long position, stop loss: 55400, and target profit at 56100-56300
ETH market analysis:
Ethereum's upward move yesterday hit near the 1720 position, and the market entered a high level of consolidation. The market outlook price retreated to 1665 short-term support and rebounded. At present, the bulls continue to heat up, and the price also breaks through yesterday's suppression. The daily market continues to increase as expected. prepare in advance.
Looking at the short-term hourly chart, the market remains volatile and upward, and the price retreat shows signs of bottoming at 1700. Although the current price has broken through yesterday’s suppression, the follow-up upward momentum is not strong, so it is not recommended to blindly chase the rise in operation and grasp short-term gains in time. It is the kingly way. The idea is to step back on long orders, supplemented by rebounding short orders. The support below focuses on 1700-1680, and the suppression above focuses on 1740.
ETH operation strategy:
- Make short position when the price rebounds 1741, stop-losses: 1760, target profit: 1710
- If it breaks through the 1700, Make long position, stop loss: 1682, and target profit at 1730
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!