Analysis of Bitcoin and Ethereum Market on October 5

Bitcoin

The current price of Bitcoin fluctuates around 62,000. According to the long-short dynamic line, today's market trend is in a volatile market. The first support level below is around 60,850, and the second support level is around 60,000. Once the 60,000 support level cannot be supported, it will directly fall to 58,000 and 54,000. The first pressure level above is around 63,500, and the second pressure level is around 64,000. At present, the overall trend of BTC is in a downward channel. The upper power is obviously insufficient. This rise has not broken through 67,000, and has not reached 68,000.

Today's highlights:

Analysis of the 4-hour level today's market rise. If it cannot break through 63,500-64,000, it is directly recommended to short. If it does not break through 60,000, it can be long. The volatile market is in the range of 60,000 and 63,500.

Ethereum

There is not much to say about the second cake. The market trend has been weak. It has been weak, just like Vitalik’s love affair in the past two years has hurt his body.

The resistance level is around 2550. If it cannot break through, you can short at a high level to take advantage of it.

The support level is around 2200. If it does not break, it is recommended to go long to take advantage of the rebound.