10-10 #ETH
Today we analyze ETH, which is also the core currency of the currency circle.
First of all, from ETH/BTC, we can see that ETH continues to weaken relative to the daily level of BTC, and there is no demand for a rebound yet.
Looking at the trend of the daily level alone, it can be clearly seen that although BTC has reached the short-term support of 27500 and the next level of 27100, the daily level of BTC is still in an upward trend. This is the leader.
On the other hand, the daily trend of ETH has also entered a downward trend early. The EMA is dead cross, which means that in the current environment, everyone is more willing to seek stability and choose the leader. Even as the leader of the copycat, ETH is not favored.
Based on the above analysis, the current market is still in a bear market.
At the long-term level, we can follow our previous strategy of laying out the pie in batches and time. This is the safest strategy.
At the short-term level, wait for the trend, only follow the trend of the leader, do not buck the trend, and do not resist orders.
Be patient and wait for the bull market
Today we analyze ETH, which is also the core currency of the currency circle.
First of all, from ETH/BTC, we can see that ETH continues to weaken relative to the daily level of BTC, and there is no demand for a rebound yet.
Looking at the trend of the daily level alone, it can be clearly seen that although BTC has reached the short-term support of 27500 and the next level of 27100, the daily level of BTC is still in an upward trend. This is the leader.
On the other hand, the daily trend of ETH has also entered a downward trend early. The EMA is dead cross, which means that in the current environment, everyone is more willing to seek stability and choose the leader. Even as the leader of the copycat, ETH is not favored.
Based on the above analysis, the current market is still in a bear market.
At the long-term level, we can follow our previous strategy of laying out the pie in batches and time. This is the safest strategy.
At the short-term level, wait for the trend, only follow the trend of the leader, do not buck the trend, and do not resist orders.
Be patient and wait for the bull market
