Bitcoin's intraday market is reversing and falling. The price continues to fall above the area above 59,000. The low level touches the key support of the daily mid-track. The market rebounds as expected. The current price is operating near the 57600 position. The long and short sides have once again entered stalemate. The market is in a callback and finishing, and it is stable to wait for the trend to break in the homeopathic operation.
From the short-term perspective, the Bollinger Band is closing, the price moves in the middle and lower track area, and the trend moves smoothly near the five-day attack line. The upper middle track position is slowly moving down. The short-term price fluctuates in the 57100-57800 area, both long and short. Taking over, the short-term trend is relatively stalemate, and the overall market is consolidating at a high level. Therefore, it is recommended to operate at a high level and a low level, and steadily pay attention to the situation of breaches. The top suppresses the 78200 line, and the bottom support focuses on the 57,000 line.
BTC operation strategy:
- Make short position when the price goes near 58200, stop loss: 58500, target profit 57500-57700
- If it breaks through the 56600, Make long position, stop loss: 56300, and target profit at 57200-57500
ETH market analysis:
The trend of Ethereum is basically the same as that of the broader market. In the morning, the price fell below the 2000 mark, the low level fell back to the 1978 position and rebounded. The bullish sentiment rebounded slightly in the afternoon, and the price also went up. The upward rhythm was disrupted, and the market entered a high level consolidation.
The follow-up will focus on the 1685 first-line breakthrough sentiment. If the market fails to break upward again in a short period of time, the price outlook may withdraw from the 2000 first-line support. On the contrary, if the price breaks further upwards, the price is expected to test the intraday high of 2095 for first-line suppression, break through and stabilize the position of 2100, the increase is expected to continue, and the market has the opportunity to continue to record highs.
ETH operation strategy:
- Make short position when the price rebounds 2090, stop-losses: 2105, target profit: 2060-2040
- If it breaks through the 2000, Make long position, stop loss: 1980, and target profit at 2035-2055
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!
Thanks very much for your information. Really helpful
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