BitOffer Institute:【2020/07/29】Bitcoin & Ethereum Market Analysis

[Cici Lee]

Most mainstream coins' candlesticks turned from red to green, in which XRP surged more than 5, leading the market in a strong performance. However, BTC relatively showed a weak trend at the same time.

BTC：In the 4-hour chart, the price step back on the short-term MA and then rise again, which continues to rise along with the short-term MA. Currently, the long-term MA slow down the rising trend, there will be a subsequent shakeout. Please note there is an opportunity to going-long once the price goes down again, we could buy the 1-4 hour put option, do not going-long when the price goes up.

ETH： The price rebound gradually and strengthened. In the 4-hour chart, MACD shows signs of shrinking above the zero axis. Please note that there is a possibility of repeatedly ups and downs under the bull trend,  do not blindly going-long during this period. Be aware of the pressure around 330, we could buy the 1-hour call-option in the short term.