Coin World Report: Cryptocurrency analyst Willy Woo posted on the X platform, stating that according to the BTC price ratio model, the exponential Bitcoin bull market has not yet begun. The signal change relative to the Bitcoin halving time indicates that the current cycle may be a hybrid of the 2013 (strong demand) and 2017 (spot-led) cycles in structure. 2020 is a year of derivative control and washing. His model comprehensively considers three price models, including VWAP price (on-chain investor trading volume), realized price (cost basis), and CVDD price (selling by old hands, also known as the bottom model).

Market analysis:

BTC: Looking at the 4-hour chart, the price continues to stay above the Bollinger Band midline, showing strong momentum.

On the daily chart, the price continues to stay above the moving average support, showing a good trend.

In summary, the support level is 65800, and the resistance level is 66200.

ETH: Looking at the 4-hour chart, the price continues to stay above the Bollinger Band midline, showing strong momentum, with support at 3190 and resistance at 3220.

LTC: The price continues to stay above the Bollinger Band midline, showing strong momentum, with support at 83 and resistance at 86.

BCH: The price continues to stay above the Bollinger Band midline, showing good strength, with support at 500 and resistance at 520.

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