[Analysts' Outlook] Will Ethereum Drive a Bull Market?

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Today, the analyst invited to [Analyst's View on the Future Market] is Blockchain Knight, who will explain the market trend in the next 24 hours, make predictions, and give you operational suggestions.

BTC Market Analysis

The 4H cycle continues to oscillate with shrinking volume, the daily line shrinks, and the upward momentum weakens. However, the trend has not changed. The most likely trend at this position is the 4H cycle oscillation. We still hold a cautious and neutral view. We believe that this position is unlikely to rise sharply, nor do we think that this position will fall sharply.

Strategy: wait and see. Range: around 14500-14600.

ETH Market Analysis

This round of ETH news stimulus and fundamental changes have given ETH a certain boost in confidence, but whether from a technical or market sentiment perspective, this short-term shock has no basis for a trend. Therefore, it is likely to continue to fluctuate above the 4H cycle center.

XRP/LTC/EOS/BCH market analysis

After the BTC blood-sucking effect weakened, ETH has stepped out of the boost market, and other small coins have also performed well. This is the wind direction of ETH in the commercial application facing the entire market. So what is the benchmark for buying small coins? It is the FOMO market caused by the driving effect of ETH in the BTC balanced market. This is the law of the market.

The prerequisite for going with the trend is to be able to find the patterns of the trend.

DOT/KSM market analysis

Small coins started to rise, and the DOT 4H moving average gathered, hitting a high of more than 4.7 again. The market bottom replenishment was not obvious. Normally, it is a follow-up market, so continue to hold the waiting strategy, wait for the callback to be in place, and then slowly buy.