BTC fluctuates, Ethereum follows closely

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Today's information:

According to data this morning, the correlation between Bitcoin and gold has reached its highest level in a year. The increased correlation between the two may indicate that more investors are viewing BTC as a store of value.

According to U.Today September 21 news, MicroStrategy CEO Michael Saylor said on Twitter yesterday that he believes that when considering the dominance of the network in the crypto industry, Bitcoin is a network of encrypted assets, while Ethereum and stablecoins are Encrypted application network, the two should be clearly separated. He also pointed out that if Ethereum is excluded, Bitcoin's dominance has risen from a low of 71.05% on December 20, 2017 to 93.57% today.

BTC (big pie) market analysis:

Yesterday, BTC charged a physical negative K. The shorts showed a clear advantage. The price broke 10800 at the lowest last night. At around 0:15 this morning, it dropped to 10753. On the daily chart, the current currency price is moving between the upper and middle tracks of the Bollinger Band. The Bollinger Band fell yesterday and began to close. The current upper pressure position is at the MA5 daily moving average at 10906 position, followed by the MA60 daily moving average at 11150 position. Below support at the MA10 daily moving average at 10766 position.

In the four-hour chart, the currency price is moving in the middle and lower track of the Bollinger Band. The position of 10960 in the middle track of the Bollinger Band has been converted from yesterday's support to a suppressed position. 10800 is still the lower support that deserves attention in the day. If the air force breaks through 10800 strongly, Ding Jiayong expects to make another new low in the day; if it stands firm, it can be seen from the top to the 10960-11000 range.

BTC intraday strategy:

1. A short entry near 11000, take profit near 10850, stop loss 11160;

2. Long entry near 10800, take profit between 10930-10960, stop loss 10710;

ETH (Ethereum) market analysis:

Ethereum has been hovering between 350-395 in recent days. The lower 350 position is relatively strong, and the upper 400 position has become an unbreakable suppression in the near future. Judging from the current potential, today's operation is still inseparable from this range. The upper suppression position first looks at the 382 position, and the lower support first looks at the 365 position.

Ethereum intraday operation strategy:

1. Empty orders near 382-380, take profit 373-370, stop loss 387;

2. Long entry near 365, stop profit 372-375, stop loss below 360;

Posted Using LeoFinance



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