Bitcoin upside weak, need to be cautious to do more

BTC and ETH have been volatile recently, with resistance to the upside.

Bitcoin upside weak, need to be cautious to do more

BTC market analysis.

Short-period hourly chart, the Bollinger band is open down, the market repeatedly back to 43900 near out of the rebound, the current price in the 45900 position near the short-term pressure has appeared above, the follow-up if not sustained rebound breakthrough 46500 ten-day defensive line, the price has again retreated – 43900 support may. At present, although out of more than 2,000 points rebound, but the upside has appeared weak, the follow-up is not recommended in the blind into more, beware of the price retracement again to go lower. The upper pressure is concerned about 46500, 47700. daytime thinking is recommended to be dominated by short orders.

Operating recommendations.

  1. price rebound 46500 position near the short single into the field, stop loss 46800, take profit to see 45900-45500
  2. price touches 47700 position near the fill short single, stop loss 48100, take profit to see 47000-46600

ETH market analysis.

Short-period hourly chart, the price repeatedly test near 3350, failed to further break the downside, then there is also a rebound out, the current price back above 3500, the price rebounded more than 200 points, short-term pressure in 3600 a small retracement, the follow-up if you can not break through, the price and the risk of reversal back down, hope that you coin friends to prepare in advance. On the contrary, if the subsequent breakthrough stabilizes 3600, the market is expected to move further towards the possibility of 3700 resistance area. The price is volatile within a short period of time, so it is recommended that you control your risk reasonably. The market is biased to the downside during the day, all try to follow the trend of the short single mainly.

Operation suggestions.

  1. price rebound 3630 position near the short single into the field, stop loss 3670, take profit to see 3570-3540-3500
  2. The price touches 3700 position near the fill short single, stop loss 3735, take profit to see 3645-3610-3580
  3. Price back to 3350 near the position of more single entry, stop loss 3335, take profit to see 3390-3410 region

Posted by:CoinYuppie,Reprinted with attribution to:https://coinyuppie.com/bitcoin-upside-weak-need-to-be-cautious-to-do-more/
Coinyuppie is an open information publishing platform, all information provided is not related to the views and positions of coinyuppie, and does not constitute any investment and financial advice. Users are expected to carefully screen and prevent risks.

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