Bitcoin market review:
The Bitcoin market broke the 30,000 mark as expected yesterday, and the price is ushering in a strong upward pull. Within a short period of time, it continued to refresh the highs and broke the 31,000 position. The price has gone up another 800 points. In the morning, the market continues to rise, and the price is tested further upwards. The highest point reached the position of 33300 before gradually turning around and going down. The low is nearing the 30500 position, and the market underwent a deep correction of nearly 2800 points. The rebound is currently running near the 31800 position.
A detailed explanation of the Bit Morning market trend on the daily chart. The current trend continues at the five-day attack line and the price continues to rise. The price ended at the Yang line for four consecutive days. The overall upside sentiment is relatively strong. Although the market was blocked by 33,300, its upward trajectory was relatively good. Maintain the upside-down posture If the market can break out of the suppression area of 33300 in the follow-up, the price may reach 34,000 positions. As long as the price doesn't fall below the 30,000 mark, the general direction remains on the upside, and the medium and long term recommendation is to go long along the trend.
In the four-hour level chart the Bollinger Band is open, and the market is running near the upper middle rail area of Bollinger. The K line came out of six consecutive strong positives, and the price went up through the line of the Bollinger Band. At the moment, even though the market was blocked by 33,300, it has made a deep correction, but there is a strong shadow below, and the rebound is also at 1,500 points, overall bulls are still dominant. If the price can further stabilize the 32000 position, the market will experience a further uptrend; in the figure, the MACD fast and slow line is above the zero axis, keeping volume up; while the RSI and Stoch have reversed and started to fall, which shows that even though the market is in an uptrend, there is still a possibility of a correction in the price in the short term.
In operation I suggest:
1. To enter the market near 31600 for some orders, the profit point stops at 32100, and the stop loss point is at 31500;
2. Enter an empty order near 33000, the stop profit point at 32500, and the stop loss point at 33100.
Brief analysis of Ethereum operation:
1. To enter the market near 763 for long orders, take profit at 778 and stop loss at 757;
2. Enter a short order near 785, the take profit point at 770, and the stop loss point at 790.
Bitcoin has continued to increase recently, with a daily shock of 8.83%, and increases or decreases above a thousand points. I recommend that everyone controls the risks and understands the benefits fairly.