[Bitcoin price] Bitcoin oscillates and Ethereum moves up strongly
Market analysis:
The overall trend of Bitcoin price yesterday tended to fluctuate. After several attempts to break through the 33000 line yesterday, the price went down again in the evening. The lowest price reached 30915 in the early morning of the day. The current price rebounded and was running near 32200.
On the daily chart, the price closed a small Yang K with a shadow line yesterday. The upward selling pressure is still a bit heavy, and the price may still want to break up in the short term. The trend of the Bollinger Bands is currently closing, and the price is currently under pressure at the 5-day moving average. Looking at the indicators in the attached picture, the MACD double line is currently testing downwards above the 0 axis, and the RSI is currently trading sideways at the 50 level.
From the 4-hour chart, the price has been under pressure in the Bollinger Band descending channel recently. The 5-day moving average and 10-day moving average are currently trading sideways near 32200. The Bollinger Band trend gradually closed. From the indicators of the attached drawings, the MACD double line is horizontal on the 0 axis. On the whole, the Bitcoin price trend is expected to remain a shock pattern in the short term. In the future, it is recommended that the range be high and low. At the top, focus on the suppression at 33000, and at the bottom, focus on support near 31000.
Intraday operation strategy of cake:
1. The price rebounds at 32800 and enters the empty order, stop loss at 33100, and the target is 32200;
2. The price goes down 31800 and enters more orders, and the stop loss is 31600. The target is 32200;
In terms of Ethereum:
The price of Ethereum closed on the daily line yesterday, and the overall upward trend of the price is strong. On the daily chart, the Bollinger Band is still closing, but the attack line continues to increase. On the indicator of the attached map, MACD is above the 0 axis, and gradually Golden cross trend. RSI is currently increasing at the 50 level. On the 4-hour chart, the Bollinger Bands gradually opened upwards, and the attack line moved upwards at the 1337 position. On the whole, the price of Ethereum may still go up further in the day. In terms of operation, it is recommended to call back more than one single, the top focus on the suppression of the 1400 position, and the second focus on the position near 1440. Below, pay attention to the 1270, 1300.1340 position support.
Ethereum intraday strategy:
1. The price stepped back to the position of 1340 to enter the market and enter the market, and the stop loss is 1320. The target is 1380-1400;
Article from: www.psycard.net