Currency market analysis
BTC: Bitcoin has been fluctuating at the top since yesterday, and its current price is around $40,161. Technically, the hourly bitcoin has formed a stagflation pattern between 39,000-41,000, and the adjustment trend is obvious. There is a high probability that it will continue to test the support near $38,500 within the day. But at present, there is no obvious downward trend. If it stands firm at the support level, it is expected to continue upward.
ETH: It has fluctuated in a range from yesterday to now, and the current price is around $2,528.
From a technical point of view, the rebound of Ethereum is not as strong as the big pie. Looking at the 4-hour line, it is more like a reverse pumping pattern. If it cannot quickly rebound above $2,700, Ethereum may fluctuate around $2,500-2,600 and then again. fall. Observe the support level of $2,450 within the day, and there is still hope to go up if you hold it, otherwise the bearish trend will become more obvious.
DOT: It fell sharply yesterday, with a daily decline of 7.41%.
Technically, DOT fell back around $26 above the box last night as scheduled. In the medium term, it is basically certain that it will continue to fluctuate sharply between $19.6--$26, and there is a high probability that it will continue to fall below the market outlook. In the short term, you can pay attention to the opportunity of counter-pumping. The upper resistance is at 25 US dollars, and the lower support is around 23 US dollars. For the good news like the listing of Coinbase, basically it will continue to rise in the hours after the announcement, and the main force will take advantage of the good news to ship, and then gradually fall.
LTC: It fell slightly yesterday, with a daily decline of 2.63%.
Technically, looking at the 4-hour line, it really fell back around $181 yesterday, but the range is still relatively small at present, and there is a chance to continue to decline within the day. If there is no support, look at $166. As long as you hold it, you still have a chance to break through the triangle shock. In addition, it is necessary to focus on the large support of the lower line. The downward or upward breakthrough at the end of the triangle will be relatively strong. Pay attention to stop profit and stop loss.
