BTC Ether morning market analysis


Yesterday, BTC and Ether really surged in a continuous upward momentum, showing a volatile upward trend. BTC rose from the 120852 level to the 124545 level today, with a drop of 3693 points in total; Ether's movement was similar, but it had a larger amplitude during the rise compared to BTC, remaining stable below the upper Bollinger Band, rising from 4412 to the 4783 level, with a drop of 371 points. During this period, we also continuously gained, and I believe that Mr. Cai has a deep understanding of this.
From the morning perspective of BTC and Ether, both are showing a one-sided upward trend, strongly breaking through to new highs, with the daily level also closing with a full bullish candlestick. The market trend is unified, and the bulls dominate the situation; analyzing BTC alone, from the four-hour level, it has already shown a six consecutive bullish candlestick pattern with a strong upward momentum. The price comparison continues to diverge along the upper track, and after breaking new highs, there has been some pullback, but the bullish momentum remains strong. The same goes for Ether, and the morning strategy still focuses on a steady low-long approach.
  Buy BTC at 123500-123000, with a target near 125000; Buy Ether at 4720-4690, with a target of 4800. #ETH突破$4700#
ETH-3.71%
BTC-1.3%
View Original
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)