Bitcoin Market Analysis $BTC
The price trend of Bitcoin forms a WXY wave structure. At present, Bitcoin is still in the X wave upward range and has not yet ended. The price of Bitcoin is in a short-term adjustment stage and has not formed a new downward trend. There will be a Z wave rebound and rise in the future.
In terms of the detailed structure, there is still a second drop, and the target range of the drop is around 24500. After the second drop is completed, you can try to arrange long orders to bet on the rise of wave Z. If you want to bet on the second drop, it is recommended to arrange short orders near 27200.
Ethereum Market Analysis $ETH
The trend of Ethereum price also forms a similar wxy structure. At present, the price of Ethereum is in the stage of rising relay. After the second bottoming out, we will see a rebound. It is recommended to wait for the small-level Y wave to fall before making a formal layout. In addition, we can use the trading system on the right to buy at the right time according to the signal prompts at the level of more than 2 hours.
Order Suggestions
It is expected that there will be a second bottom after the recent rebound. Short orders are arranged near 27200 to try to find a second bottom. Long orders are arranged near 24500 to try to catch the Z wave rise.
