Market analysis of mainstream currencies (BTC, ETH)

The market has fluctuated between 43400 and 44400 for many trading days. It fell sharply this morning and hit the low near 42500, which is exactly the middle track area of ​​the daily Bollinger Bands. This adjustment should be a signal for an increase, unless If the 42,000 first-line support is broken again, then the trend will change. The white market is expected to stabilize sideways at the 43000 line. The hourly K-line is just hovering near the MA450 moving average. The KDJ indicator gradually forms a golden cross. It is recommended to go long near 42500 during the day, and the target is around 44000.

The support range of Ether is around 2240-2260, and the adjustment is mainly morphological. The shocks in the past few days have been relatively high and stable. As long as the white market does not break the support range, the daily line will continue to see new highs. It is recommended to place long orders near 2240-2260, with the target at 2340-2360.