Bitcoin And Ethereum Market Analysis

2020/09/07-08【Bitcoin & Ethereum Market Analysis】

Most of the coins continued to rebound, in which DASH rose about 11% intraday, and BTC breaking the $10,300 pressure shackles. 
BTC: In the 4-hour trend, the candle is out of the w-shape that showing in the bottom. The MACD shows a golden cross below the zero axis. There is a rebounding demand in the short term, but at present, the-shorts still occupy a dominant position, so it is not recommended to blindly open-long. It is suggested to open-long at a lower point around $10,300, and open-short when the price climb near $10,600.
ETH: In the 4-hour chart, the MACD shows the continuous golden cross under the zero axis. In the short-term the bottom level gradually lifted, indicating that after the continued decline, there shows the rebound trend, the-longs begin to fight back. It is suggested to open-long once the price breakthrough $360, it also helps when you go to ETF 3X.