BTC. A new day — a new price high — $ 57,700 on the Binance exchange. After the price punctured the exponential moving average of 50 EMA 1 H, the asset bounced off the lower edge of the ascending trading channel indicated on the chart. The instrument is trading above the accumulation level at $ 55,684, trying to gain a foothold above the 20 MA moving average, which would be the first sign of a continuation of the local uptrend. The instrument is likely to correct to the level of $ 55,200 with a repeated test of the exponential moving average of 50 EMA 1 H, there is also a diagonal support level and the "lower" moving line from the "Bollinger Bands"indicator. After that, I expect to see the resumption of the upward movement, when the lower edge of the trading channel is broken, bitcoin expects a decline to the level of $ 52,300.
ETH. After setting the record value, the instrument went for a correction. Ether is trading above the support level of $ 1910, closing below which will result in a decline for the instrument to the level of $1850. To develop an upward movement, you need to close above $ 1970 on the higher timeframe.
In the altcoin market, to achieve success, it is still desirable to be associated with the Binance Smart Chain, in extreme cases, you can resort to the classic way to pump your goods — the distribution of coins to the holders of the asset.
The "dot-com bubble" has reached its peak capitalization at around $ 10 trillion, at the moment the capitalization of the cryptocurrency market is $ 1,677 trillion, there is every chance to repeat the success of Internet companies in 2001. This is an increase of almost 6 times from the current level. However, with the recent sharp decline in the main cryptocurrency by only 6 % - on February 21, positions with bitcoin and alt leverage on the Binance exchange in the amount of $ 400 million were eliminated. Everything goes on as usual, and the excess of risks, even in a growing market, will put most of the fans out of the game to "twist the shoulder" before the final.
