Bitcoin 13600 first-line support is not broken, and the intraday increase will continue

According to BTC.com data, the current unconfirmed Bitcoin transaction volume is 114,647, the total network computing power is 108.25 EH/s, and the 24-hour transaction speed is 4.02 txs/s. The current mining difficulty is 20 T, and there are still 2 days and 19 hours before the difficulty adjustment. It is expected that the next mining difficulty will be reduced by 12.24% to 17.55 T.

BTC market analysis:

Yesterday, Bitcoin had a strong upward trend, breaking through the expected high of 14,000, and then hitting the 14,100 line before falling back under pressure, and the trend of falling back stopped near 13,600. The intraday market fell back slightly again in the early morning, testing the support strength of the 13,600 area. The current price is running around 13,800, and the overall trend is in a correction. If the price cannot stabilize at 14,000 during the day, the market may fall back further.

Looking at the daily chart, the K-line has closed positively for three consecutive days, the lows are constantly testing upwards, and the price remains above the five-day moving average. The current trend is not strong, but the moving averages remain in a bullish arrangement and the upper gap is opened, so the author Chu Chu believes that as long as the 13600 line is not broken during the day, the market will have the opportunity to test the 14000 position again.

Looking at the short-term four-hour chart, the Bollinger Bands are opening upwards and the market is in the upper-middle area. Although the current trend has risen and then corrected to around 13,800, yesterday's breakout and rise has opened up the upper space again. As long as the bullish sentiment picks up during the day, it is only a matter of time before it rises again.

BTC morning strategy:

1. When the price falls back to 13680, enter the long position, stop loss at 13600, and take profit at 13850-13900

2. When the price rebounds to around 13900, enter the short position, stop loss at 14000, and take profit at 13750-13700

ETH market analysis:

After Ethereum failed to stabilize at 390, the market also adjusted under pressure, but the force was not strong. At present, the overall trend is still running within the range, so the author Chuchu recommends that you should remember not to chase the rise and sell the fall during the day, and keep the idea of ​​high-altitude and low-multiple. The upper pressure is around 394, and the lower support is 384-380.

ETH morning strategy:

1. When the price falls back to 384, enter the long position, stop loss at 380, and take profit above 390

2. When the price rebounds to 392, enter the short position, stop loss at 396, and take profit below 386

The points are time-sensitive, and there is a delay in posting. Please refer to the real-time market for details. For details, please follow the author Chu Chu. Once again, do a good job of risk control. No matter how high your judgment of the future market is, you must take profit and stop loss!