Has this Bull Market Ended?- Jan. 12nd

Bitcoin market analysis– From the one-hour perspective, after hitting around $30,000 yesterday, that is, after reaching the lower Bollinger track, the bitcoin price began to oscillate upwards, breaking through the resistance, and the current price came near Bollinger upper track. Technically, although the moving averages are below the K-line, forming short-term support, the MACD bulls are slowly shrinking, and the RSI third line is running at a high level.

Operation suggestion: enter the market with sell/down orders when the price is trading around $36,300-36,450, risk control 500 points.

Ether market analysis– Ether is moving upwards as a whole today. The high point hits near $1,149, and it has stepped back near $1,120. The short-term small-cycle level needs a wave of the callback, but the big-cycle bullishness remains unchanged. Bollinger bands are moving upwards. The middle track has obvious support, MACD The red energy column is gradually increasing,

Operation Suggestion: enter the market with buy/up orders when the price is trading around $1,115-1,100, target position is near $1,140-$1,170, stop loss price is near $1,080.

Tips: Quotes are time-sensitive, and please pay attention to take good risk control and make good use of “Take profit” and “Stop loss”.

The technical analysis of cryptocurrencies in real-time should be taken for informational purposes only, and in no case should it be taken as an investment signal.

Comments (2)

[…] all the way to the $32,500 line and rebounded upwards, not breaking the lower Bollinger band. From yesterday to now, the market has dropped to the lower rail of the Bollinger Bands 3 times to rebound. At […]

[…] and $38,000 resistance levels. The price is now trading well below $38,00. There is a major bearish trend line forming with resistance near $36,400 on the hourly […]

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