Analysis of the market: the market is low and the market is rebounding.

BTC

BTC: BTC tested the support of 11,000 knives for two consecutive days and got support. Then it started to oscillate. The lower support was 11,000 knives, the upper pressure was 12,000 knives, and the current price was 11,745 knives. The technical MACD double line runs smoothly downwards. The KDJ three lines form a dead fork near the middle rail. The third line tends to be stable, and the sales volume continues to enlarge, weak, and pay attention to risks.

ETH

ETH: ETH followed the broader market to expand the low position adjustment. After the failure of the 50MA attack yesterday, it continued to run below 50MA today, and the current price is 273.43. After the technical surface MACD fast passivation, it continues to run downwards, the sales volume is enlarged, the KDJ three-line middle rail forms a dead fork, the third line continues to diverge, the short-term market is weak, pay attention to the market trend and control risks.

EOS

EOS: After two days of violent decline, EOS rebounded stronger than BTC and other mainstream currencies. In the early stage, it supported a shock consolidation market around 4.60 knives. The current price is 4.77 knives. The MACD passivation of the technical side continues to be downward, and the KDJ is under the entanglement of the third line. The market situation is uncertain before paying attention to risks.

LTC

LTC: LTC is weak, following the market and mainstream coins in the lower support platform 100 knife position shock consolidation, the price is short-term support at 100MA, currently quoted 103 knives. Technical indicators MACD in the 0-axis passivation continues downward, the amount can be amplified, KDJ three-line lower rail continues to entangle, pay close attention to the market trend, control risk.

The official analysis of the block chain of Baiyi District is for reference only and does not constitute investment advice. Although the accuracy is high, please invest rationally. According to this, the consequences are at your own risk. The Baiyi District Fast Chain does not assume any legal responsibility.

We will continue to update Blocking; if you have any questions or suggestions, please contact us!

Share:

Was this article helpful?

93 out of 132 found this helpful

Discover more

Market

Is Bitcoin’s Uptrend at Risk? Analyst Issues Witty Warning as Altcoins Surge

The future of BTC price is uncertain due to the decline in crypto market dominance. A major reversal for Bitcoin is p...

Market

Why is Cardano's (ADA) price rising this week?

ADA's recent surge in value can be attributed to the overall upward trend in the market and the positive impact of th...

Bitcoin

Bitcoin Faces Resistance at $52,000, Possible Pullback Ahead

Altcoins have seen a slight decrease in value due to Bitcoin's hesitancy in maintaining a level above $52,000. Howeve...

Blockchain

Why does the US SEC, which has clearly classified more than a dozen tokens as securities, continue to avoid addressing the status of ETH?

As an intermediary for daily transactions and investment tools, L1 tokens need clear regulation, which is not only be...

DeFi

🤩 The US Cryptocurrency Conundrum: Regulating in Chaos 😱

Charles Hoskinson, creator of Cardano, expressed to Cointelegraph that regulators in the US, like the SEC, have effec...

Market

Bitcoin ETFs Catapult into Top 5 as Investors Shift from Gold

Exciting developments may be in store for Bitcoin and altcoins as a potential trend shift appears to be on the horizo...