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The Bitcoin overnight and the huge shock of the Ethereum made many long people start to speculate in long, especially the Depth dump after the Bitcoin broke through 65400 and Ethereum broke through 3220, so many long people took what "5.19", moving average, and Candlestick theory to talk about, in fact, this is also a step back for Bitcoin and Ethereum to break through the key dense trading area, although "Bitcoin" and "not other Crypto Assets Bitcoin" For example, Bitcoin will become more and more like a commodity asset with both risk and hedging factors, while other Crypto Assets such as Ether coin, other public chain coin, and protocol coin will become more and more like a technology stock. But at this stage, for longest people, they are all "Crypto Assets", and there will still be a high correlation, and market movements are often linked. Therefore, no matter what coin is actually bought, we must still pay attention to Bitcoin, Bitcoin as a Crypto Assets leader, the entire market pump fall is still deeply affected by Bitcoin.



After hitting 65500 above Bitcoin yesterday, it quickly came out of the pullback, and the low came to around 62650. Combined with the overall trend, from the daily level, the K line is still free in the Boll middle track position, although the current rhythm has a certain fall, but in the strong rhythm of this fall does not affect the overall upward structure, the 4-hour trend is in a strong rush after the correction stage, indicator Bollinger with closing performance, it is expected that the short term will not fall too much, as long as the trend is not changed, then the follow-up will be pulled up again, although the current retracement is longer, but the bottom below is not broken, that is to say, the trend is still long, continue to look low and longing upward。



Ethereum in the 5-day line to do M head bottoming, the top of the hourly line continues to drop, facing resistance selling pressure, above $3225 is the key point of the resistance line formed on 4.29 and 4.30 days, only the volume breaks through $3225, in order to break the shock pattern, from the hourly line, the golden cross is still formed, the longest is about to begin to exert force, the Bollinger band is also under pressure in the upper band, MACD line, the big bullish candle is about to rise, the morning idea is treated longing low
BTC-1.75%
ETH1.99%
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· 2024-05-07 13:07
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