BitOffer Institute:【2020/07/27-28】Bitcoin & Ethereum Market Analysis

[Cici Lee]

The market surged across the board, LTC climb more than 16%. The average rise in the mainstream coins is around 8%,

BTC broke through 11,000. In the daily trend, the price broke through the high of 10500 at the beginning of the year and set a new high of 2020. At the same time, the volume grows steadily. We could going-long over 10500 and prepare for the new rise as now is the so-called bull market trend waiting for us.

The price of ETH dropped from high sharply. In a 1-hour trend, currently there shows sign of fatigue to pull up, at the same time the volume couldn't keep up with it. MACD appears the continuous death cross above the zero axis. In the short-term, please note there is a callback risk. Be cautious with going-long around 325, or we could buy the put options between 1-4 hours.