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Cryptocurrency News Video

Bitcoin/eth market analysis, there are many market doubts, but we must always remember that the bull market continues

Apr 24, 2024 at 06:18 pm 鲲鹏行情分析

After the market stabilized at Bitcoin 63500 and Ethereum 3150, it steadily rose to the middle of the daily Bollinger Bands and encountered resistance. It has been oscillating sideways for the past two days. The range refers to Bitcoin 65500-67000 and Ethereum 3150-3250. The front We have relied on the support level below to place long orders and have taken profits many times. We currently have some bottom positions left to wait and see!

Technical analysis: In terms of Bitcoin, the daily level has moved to the middle track of the Bollinger Bands, the Bollinger Bands have begun to move flat, the MACD moving average has run parallel, short positions can continue to shrink, the KDJ line has moved upward, and the 4-hour Bollinger Bands have continued to move upward. Closing movement, MACD moving average running parallel, long volume can gradually shrink, KDJ line runs downward; Ethereum's various technical indicators are basically synchronized with Bitcoin, but the daily level MACD has formed a golden cross running upward, long volume can It has begun to appear, and it is currently blocked by the middle track of the Bollinger Bands!

To sum up, the current daily level has moved to the middle track of the Bollinger Bands. The current resistance is still very strong. However, after the market encountered obstacles, it chose to trade sideways instead of falling back quickly. I personally think that the bulls will test the pressure again. Once the impact is successful, , Bitcoin 68500, Ethereum 3350, the first line is not a big problem, the follow-up operation is recommended to be long!
Video source:Youtube

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