Ethereum's upward trend has not changed, the price is expected to continue to new highs

Evening news:

According to sources, BlackRock CEO Laurence Douglas Fink, an investment management firm, said when talking about cryptocurrencies, he saw a wide range of interest from institutions around the world. However, he does not believe that cryptocurrency will ever be a substitute for currency. Cryptocurrency can be a great asset class, but it cannot replace the US dollar.

BTC market analysis:

Bitcoin was broken that day until the market broke. After the low bounced at 61300, the next upward momentum was not strong. The price failed to break the line above 64000. The bulls and bulls are consolidating at a high. The current trend is still running in a wide range. The follow-up will focus on broken positions situations, and caution can catch waves of short-term gains . Location focuses on 64000-61600.

Looking at the short term hourly chart, due to repeated upside attempts in the price market and failing to break the Bollinger Bands middle lane suppression, the rising sentiment is starting to weaken. At the moment, the price is constantly trying to go up, and the short-term trend continues to decline. The price is running at the 62330 position, and the market is entering into a callback rhythm., It is expected that the next price will undergo a bearish test, which is expected to touch the 1st line support of 61600 within the day. Chuchu recommends that all currency friends prepare in advance.

BTC night strategy:

1. The price has retreated to position 61600 and more orders are entering the market, stop losses at 61300, and stop gains at 62100-62500

2. The price rebounds and enters the market with an empty order near the position 63500, with a stop loss of 63800 and stop profit at 63000-62700

ETH market analysis:

Ethereum continues to rise in the morning, and the price breaks new highs continuously from 2400-2450. Unfortunately, it does not go further through the line 2500, and the highest level is located at 2488. Currently, the price is operating near 2425 positions. In the short term, it also touched the 2400 line. Rebounded, the overall trend still maintains an upward posture, but as the price failed to break again, the current trend is also a normal retracement of the lower support.

Follow-up will focus on the 2400 line, if the market does not break down, it is expected to bottom out and rebound, continuing the current high trend. Conversely, the 2350 line will be tested downwards . Currently, the overall trend maintains a volatile uptrend. Careful thinking especially for callbacks and more orders. If you break out of the 2500 position, you may consider the weak positions to pursue the long ones. It is recommended to pay attention to the 2480-2900 area for the above empty order opportunities.

ETH night strategy:

1. The price has retreated to position 2405 and more orders enter the market, stop loss 2384 and stop profit 2440-2460.

2. Prices rebound in the 2480-2490 area and go short, the stop loss zone 2501, and stop profit in the 2450-2440 area.

3.If the price breaks the 2500 to continue to new highs at the follow-up, you can consider a humidifier to catch up on more, and take profits around 20

Indicators are time sensitive, and shipment is pending, so please refer to real-time marketplaces for details. Again, to do a good job of risk control, no matter how high your valuation of the future market is, you have to take your profits and stop your losses!