The U.S. stock market was closed over the weekend, and the entire cryptocurrency market was relatively stable with minimal fluctuations. Bitcoin surged to 97,000 in the evening, but was suppressed by the 4-hour middle track and fell back to a low of 96,333, showing an overall range-bound oscillation trend. Ethereum also went up yesterday, rising to a high of 2,797 at midnight, and then was suppressed by the 4-hour upper track, falling back to a low of 2,755, and then entered a sideways oscillation state.

From the analysis of the four-hour K-line level, the market has always been running above the middle track of the Bollinger Band, and a step-by-step upward channel has been built within the cycle. Although there was a slight retracement due to the pressure of the middle track, this is a common manifestation of bullish accumulation. The hourly K-line level shows that the price is in a state of alternating yin and yang, with small yin and small yang appearing alternately. The overall situation is still in a slow step-up stage, and the structure remains intact, but the rising rhythm is relatively slow. It is expected that the market outlook will be dominated by a step-by-step and slow rise trend.

Operation suggestions:

Bitcoin can be long when it retraces to around 96200-957, with the target around 968-972-975;

Ethereum can be long when it retraces to around 2731-2707, with the target around 2790-2830. #区块链革命 #比特币走势分析 #BTC☀ #ETH🔥🔥🔥🔥🔥🔥