Although the recent Bitcoin price fluctuations may be reminiscent of past boom and bust cycles, Bitcoin 's ability to reverse its decline so quickly this week shows that institutional investors have not given up on this field.
At present, the total market value of global cryptocurrencies has exceeded one trillion U.S. dollars, and is currently about 100.152 billion U.S. dollars. At the same time, the total market value of Bitcoin exceeded $675 billion, accounting for approximately 67% of the total market value.
Market analysis:
The price of Bitcoin quickly pulled back after rushing through the decline yesterday. In the early morning of the day, the price was breaking new highs, reaching the highest position of 36,733. At present, the price still has the possibility of further upward movement.
On the daily chart, the price closed yesterday with a shadow line, and the price pulled up again in the day. At present, the price is running on the upper track of the Bollinger Band, and the upward movement can be strong. The indicator system continues to strengthen. As far as the current trend is concerned, the price keeps setting new highs, and the bulls have strong momentum, so you can maintain the bulls in the operational thinking. However, the recent Bitcoin price volatility is indeed very severe, and the rapid price rise is also relatively rapid. Therefore, it is recommended to operate light storage to control the risk of the position and pay attention to timely grasp the profit.
Strategically speaking, if the price is given a callback of 300-500 points, you can consider entering multiple orders and grasp the profit in time.
For Ethereum:
The daily level of Ethereum ended yesterday, and the price continued to rise during the day. The current price continues to set new highs, standing above 1200. The current price is running at the 1216 position and there is a possibility of further upward movement. In the day, we are still concerned about the gains and losses of the 1200 position. Strategically, it is recommended to call back more than one. Pay attention to support: 1163-1145-1110