Looking at the 1-hour chart of BTC, the Bollinger Bands channel is running downward, showing an overall descending triangle trend. The StochRSI shows signs of sticking together and running downward.

The 4-hour candlestick chart is currently running above the lower Bollinger Band at 62300. Currently, attention is focused on the support near 62200 below. If there is no breakthrough, the market will form a head and shoulders pattern, and the future market is expected to continue to rise. If there is a breakthrough, go short directly, with the lower target near the 60800 support!

Looking at the 1-hour chart of ETH, it is overall in a descending channel, forming a relatively complete descending triangle pattern. The key support levels below are 2970-2960. The 4-hour chart shows that the market is still oscillating within a large converging triangle range. Further attention is focused on the trend line support near 2901.

Currently, if there is a breakthrough of 3000, look at 2970-60, and a further breakthrough will look at 2901. 2901 can set up a wave of long positions, take profit at 3015, and stop loss at 2860.

This article is exclusively published by financial expert Cheng Yunsheng, a commentator in the cryptocurrency circle. He has been engaged in gold and forex trading analysis and teaching since 2006, and is a gold analyst. He began researching and analyzing digital currencies in 2013 and is a well-known blockchain self-media writer, specializing in trend operations and having stable and practical trading experience and theoretical knowledge. Follow the community public account: A Coin Profit, to grasp market trends in the first time!

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