BTC ANALYSIS

At present, the average price of BTC is $7,500, it increased 0.56% today. BTC continued to oscillate around $7,400 today, and it eventually broke through $7500 at 8 UTC today. In my technical analysis, BTC is testing the resistance of the 10MA ($7,500). Once the price breaks through, next resistance level for BTC will be around $7,800. In the 4-hours KDJ, the J-line has risen to 102. The resistance of short-term rebound is still relatively large. So, we need to pay attention to the trend of the following 8 hours. If the price does not stabilize above $7400, it is very likely that BTC price will continue to touch the bottom of $7,000 this week.

However, combined with recent positive news, the bearish signal of BTC has gradually weakened. For example, the director of the State Administration of Radio, Film and Television(SARFT) said that blockchain technology has brought unprecedented and profound reforms to the field of radio and television. In addition, The South Korean Grand Court admitted Bitcoin as an asset in its judgment nowadays.

Disclaimer: This article is not meant to constitute trading/investment advice. Please use extreme caution when trading any cryptocurrency.

Disclaimer: This article is not meant to constitute trading/investment advice. Please use extreme caution when trading any cryptocurrency.

ETH ANALYSIS

Now, the price of ETH is $570, and the resistance level of ETH is near $600, and its support level is around $550. If you want to buy ETH, please invest cautiously. According to a news from China, the 360 company held an EOS vulnerability conference today. The 360-company said that it tested more than 20 wallets and found that 80% of the wallets had some loopholes. The 360 company also stated that it would submit ETH vulnerability report in a few days.

Disclaimer: This article is not meant to constitute trading/investment advice. Please use extreme caution when trading any cryptocurrency.

EOS ANALYSIS

The EOS mainnet will be launched after 3 days. I look forward to the good performance of EOS and believe EOS can make higher highs. The price of EOS is $12.2 now, in my technical analysis, its resistance level is at $14.

Recently, there are too many news good or bad about EOS, so its price has been in turmoil. If you hold EOS, please pay attention to the recent news about EOS.

Disclaimer: This article is not meant to constitute trading/investment advice. Please use extreme caution when trading any cryptocurrency.

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