Mainstream currency market analysis

The news that the Big Pie Spot ETF has passed has brought many positive impacts to the market, indicating that the value of digital currencies has been recognized. The market in the past few days has been constantly trying new highs, with the highest breaking through 49,000 points in the evening. The only shortcoming is that the rising momentum has not stabilized at the upper high point, and the daily line has walked out of the upper shadow line of the pin. This kind of market situation can easily induce bullishness. When the news coincides with the fact that the market is unanimously bullish, we must be more vigilant about shorts. Looking at the hourly line, the big Yin line is falling, and the short-term upper limit is seriously locked up. If the white market moves sideways, the daily line will continue to fall. It is recommended to go short around 46500, and the target is 45000-44000.

The trend of Ether is in sync with the market. 2700 points is at least a high point in the short term. The daily line breaks the Bollinger Band track. According to normal logic, it is going to return to the Bollinger Band track, so today we also see a pullback. It is recommended to go short around 2600, with the target Saw around 2500.