Changsujiebi March 10th: Bitcoin breaks through 51,000 support and soars by 4,800 points. Where should leeks go in such a market?
Review of international news on March 8: Members of the U.S. Congress proposed a new bill aimed at clearly explaining encryption regulations: U.S. stocks opened higher across the board, the Dow rose 0.45%, the S&P 500 rose 1.12%, and the Nasdaq rose 2.49%. The market value of BTC once again exceeded the $1 trillion mark in two weeks.
Good midnight, all investment friends, Bitcoin as a whole has once again ushered in a rise in the day. On the daily line, Bitcoin has received 5 consecutive positives, and broke through the suppression of the middle track of the Bollinger Bands. The crossing of the fast and slow lines of the dif indicator drives the green variables, while the red energy shows signs of heavy volume. Overall, the upward trend of Bitcoin’s daily line is relatively strong. Bitcoin starts at 1:00 in the morning: look at Bitcoin’s callback today and look at around $53,300. Considering that the nearby layout has been rising, after all, this place is the support of the middle rail price of the Bollinger Bands. Looking at the daily price trend, starting from March 5th, it will receive 5 consecutive positives and break through the pressure of the middle rail price of the Bollinger Bands, and the bottom of the kdj indicator will be gold The fork runs upwards and the crossing of the fast and slow lines of the dif indicator drives the macd green downward energy to continue to decrease and the red energy to rise. In the short term, Bitcoin has risen due to the positive news from various institutions, and Bitcoin will be repaired after the news is over. Technical market indicators, so on the whole, the upper suppression is around the price of 57,000 US dollars. Bitcoin’s market operations tonight continue to retrace the layout and go long. Focus on the $55,000 pressure at the top and break our position at $56,000 tomorrow.
Looking at the lowest price of Bitcoin starting from 1:00 in the morning, it started to rise directly near 4000 points near the lowest price of 50,600 US dollars, and broke through the suppression of the upper rail price of the 6-hour Bollinger Band, while looking at the 6-hour trend chart, the upper rail of the Bollinger Band opened up And drive the macd red energy to continue to increase and increase volume, and the kdj indicator runs upwards at a high level near the 80-axis value price, and after collecting a lower pin from the middle rail price of the Bollinger Bands, it starts to collect 5 Lianyang continuously. On the whole, the bulls have temporarily gained Rest, but from the indicators on the k-line chart, there are still signs of further upward movement. Looking at the 4-hour Bollinger Bands price chart, all indicators are running upwards and have received 8 consecutive positives, while the upper track of the Bollinger Bands continues to rise Open your mouth and the double-line cross of the dif indicator drives up the macd red energy to continue to increase in volume, so today Bitcoin is concerned about the suppression of $55,000. After all, this price is the pressure to rebound after the Bitcoin plunge on February 23. If it breaks the $55,000 mark, then Continue to look at the suppression in the early stage of 56,000 to 58,000. If it does not break the position, it will usher in a decline. Looking at the market trend chart of Bitcoin on the evening of March 9th, it continued to rise and break through new highs, and the third-line technical indicators of the Bollinger Bands began to flatten out in 30 minutes. In the short term, they were suppressed at $54,800, while the kdj indicator was integrated around the 90-axis price. Let's continue to watch the high and volatile sideways trend.
————————Ethereum technical analysis
————————Ethereum technical analysis
Ethereum closed positive yesterday, and it also followed the big pie. Today, the bulls hit the highest position of 1859 in early trading and stepped back. The low level hit 1810 and then stopped falling and rebounded. Looking at it, the bullish trend is relatively obvious, and the low-level support is constantly moving up, which is still in line with the market of bulls and slow bulls.
Looking at the short-cycle hourly chart, the Bollinger Bands run in parallel on the entire track, the MA5 moving average turns downward to suppress the bulls' upward movement, the currency price runs above the lower Bollinger track, the KDJ third line of the attached indicator KDJ forms a dead fork downward, and the MACD fast and slow line is on the 0 axis Running upwards and downwards, the short column can be converted from continuous heavy volume to small shrinkage. In my opinion, there may be a need for a callback in the short-term market. At present, the bulls are rebounding in the short term, and the short-term upper pressure is suppressed near the MA5 moving average of 1870 US dollars. The second pressure above is around $1888. In the volatile market, if the bulls break through, they will definitely go up, and the news in the market today is mostly positive. The US stocks continue to rise, and gold continues to rise, which will also drive the rise of emerging markets. Exit near the pressure level, if the position is broken, continue to hold. The market fluctuates greatly, please pay attention to risk control, and take profit by yourself.
Ethereum closed positive yesterday, with 3 consecutive positives on the daily line, and the golden cross at the bottom of the KDJ indicator was upward, while the red energy of the MACD continued to spread in large quantities, driving the double-line crossing of the DIF indicator to run upwards. Overall, Ethereum has entered the rhythm of a slow bull , in early trading today, the bulls hit the highest position of 1859 and stepped back under pressure. After the low position hit 1810, they stopped falling and rebounded. The support is constantly moving up, which is still in line with the market situation of bulls and slow bulls.
Looking at the 4-hour trend chart, the Bollinger Bands are opening up, the upper Bollinger track is actively extending upward, the MA5 moving average is suppressed above the market, and other moving average indicators are running upwards. The current market is running in the upper direction of the Bollinger middle track , and the indicators in the attached figure, the KDJ three lines run in parallel, indicating that the market is in a oscillating range, the average value of DIF is extending upward on the 0 axis, and the MACD long energy column continues to increase in volume and turns into a small shrinking volume.
From 1 o'clock in the morning, it can be seen that Ethereum has continued to rise from around $1,723 and broke through the $1,800 mark. Overall, Ethereum's single-day rise is close to about $100, and the bulls are still not over. The price consolidation at a high level and the kdj indicator is at 50 The golden cross near the price axis runs upwards, and the cross of the fast and slow lines of the dif indicator drives the macd green downward energy to continue to decrease. Looking at the 6-hour market price trend chart, it keeps opening its mouth, and the kdj indicator maintains a parallel near the 100 axis value price, while The crossing of the fast and slow lines of the dif indicator drives the red energy of macd to continue to spread in a large amount. On the whole, midnight should prevent the skyrocketing rise and break through the price near 1888 US dollars again.
At present, the currency price has returned to above 1800, facing the upper resistance again, and the lower support focuses on the previous pressure resistance point and the breakout situation near the short-term MA60 daily moving average, which is the first line of 1775. In terms of operation, you can win a short order at the current price of 1810, and accidentally see 1820 to cover the short position, and the unified stop loss is 1830. The target first sees around 1780 below!
