As expected, the intraday market price has reached the target price again, with Bitcoin at 29100 and Ethereum at 1925 (friends who follow can reduce their positions or take profits appropriately). (Let's talk about the strong rise in the early morning price. As the First Republic Bank of the US stock fell 49% in a single day last night, hitting a record low, the customer deposits plummeted and there was a run crisis again. It also reflects that the current debt crisis of the US financial system has not been resolved, causing market panic. At the same time, safe-haven assets such as Bitcoin, gold and the US dollar have risen to varying degrees.) This also shows that from a long-term perspective, the price circle is still worth looking forward to as a value and risk avoidance product. Without further ado, let's get into the current market analysis.
On the daily line, the price ratio has once again stabilized on the MA5-day moving average. However, the current 10-day moving average is still under downward pressure. Once the price ratio stabilizes on the 10-day moving average and the middle track of the BOLL band again, the Duotou will exert force again. As long as the 1943 line can effectively stabilize, the subsequent price ratio will again reach the 2030-2080 line.
The 12-hour line price of the currency is rising relying on the MA5 10-day moving average, the downward pressure of the MA30-day moving average has shrunk, and the overall trend of the BOLL band has also changed.
The 4-hour price ratio continues to rely on the MA5 daily moving average to show an upward trend. KDJ and MACD maintain a trend of large volume, and the TD indicator reaches TD5. Once the duo sentiment continues to exert force at night, it is expected to go out of TD6789, etc., so for the trend from night to early morning, it is still necessary to maintain a low duo strategy. The reference of the low point support below is 1880-1860. If you step back to this position, you can connect the duo. The reference of the high point suppression is still 1943-1980.
Big pie see 29600-30000
It is expected to be sufficient for the current trend. Please see here first and follow up later. #BTC #ETH
