How long can the bull market continue when the market starts to move?

iodct
2 min readFeb 10, 2021

In terms of news, the gray scale still maintains the property of pixiu, which is only bought but not sold. Yesterday, 493 bitcoins and 12,449 Ethernet channels were added. It can be seen that gray scale is more keen to buy Ethernet channels now, which is a good blessing for Ethernet. In addition, British investment company Bamelijeff hopes to negotiate with Tesla on restricting bitcoin investment. More and more institutions began to intervene in this market, and the bull market pattern will remain unchanged.

Trend analysis of mainstream currencies:

BTC (Daily Chart): The market is beginning to consolidate at a high level. From the daily level, the price stands above the upper rail of Brin, and the short-term Bollinger Band has a downward adsorption effect on the price. This position is likely to usher in a staged consolidation market with a consolidation range of 45,000–48,000. Looking at the trend of the four-hour level, the 5th line started to turn its head downwards, and the small support around 46000 on the 10th line was being tested in the short term. After one hour, the Bollinger Band began to shrink, and macd went out of a top deviation, so there was a need for adjustment in the short term. From the perspective of capital rotation, the second-tier mainstream currency began to break out, and the short-term market might usher in the pattern of bitcoin consolidation at a high level and second-tier mainstream breaking out. In operation, it is suggested to continue to hold the currency and wait patiently for a new round of market to break out. Pressure level: 48000, support level: 45000.

--

--

iodct
0 Followers

Blockchain investment is the future, and I hope I can use my expertise and experience to help more blockchain investors.