The battle for Bitcoin's $10,000 price has started again, can it stand firm?
As I said yesterday, the broader market is currently in the correction stage. The long and short sides have recently launched a battle around the key point of 10,000 US dollars. Winning or losing, this is also the characteristic of the staged market, it does not have a very good profit-making effect, and it is more mentally draining.
For players who play futures contracts, the current market is suffering, that is, they dare not place heavy bets, worry about missing market opportunities and are tired of placing orders frequently, and even worry about the potential risk of liquidation. It can be said that they are eating leeks The fate, but the dealer's heart. Most of the contract players in the market are short-term traders, and the test of short-term trading is the analysis ability of technical indicators and the grasp of small trends.
For retail investors, it is still a matter of hoarding coins. They don’t need to care about short-term fluctuations in the market. They invest regularly or buy mainstream coins in batches, and wait for time to give value growth. If you really can’t help it, invest less than 10,000 in funds, chase the ups and downs of altcoins, and take a small gamble to enjoy yourself. Even if you lose all of it, it will not hurt your bones. In order to sort out the current market, it is recommended to wait and see. For a little chance, it is not worthwhile to let one's own wealth bear huge risks.
Operation suggestion:
Operation suggestion:
BTC: The correction trend continues. At the daily line level, focus on 2 points, whether 12,000 US dollars can break through again, a breakthrough means that the adjustment is completed, and a new round of rising market relay; whether the support of 7,500 US dollars can be held, and it can be stabilized above this point in recent months, The market continues to adjust in the short and medium term. Once it falls below, it means the end of the rebound in the first half of this year, and the market outlook is unpredictable.
In the short term, the scramble for $10,000 continued. It fell below the threshold yesterday and rebounded in the evening under the trend of EOS heavy volume rebound, but it was suppressed by the air force and then fell. Although there is enough volume to push it to 10,000 US dollars today, compared with the previous rebound after falling below 10,000 US dollars, the volume is much weaker, and it is difficult to maintain its follow-up trend. Unless there is a signal of heavy volume, the short-term shock rebounds to around 10250, and then falls again. The first support level below is around 9500, and the second support level is in the range of 8900-9000 US dollars. Short-term operators need to pay attention to market risks and cautiously buy bottoms.
ETH: The rebound trend is acceptable, the upper pressure is 225-230 US dollars, the lower support is 200 US dollars, and the strong support is 180 US dollars. You can buy low and sell high near the support level.
LTC: The rebound is weak, with a strong pressure of $100 above. In the short term, it is not recommended to buy bottoms. It is only suitable for rallies to reduce positions. There is not much time until the halving node in early August, so pay attention to risks.
BCH: Following the trend of the market, the short-term fluctuates around US$300, with a strong pressure of US$320 above, short-term support at US$280, and strong support at US$230. You can buy low and sell high near the support level.
EOS: The rise last night showed signs of heavy volume, and it was still based on the positive stimulus of the Eosfinex decentralized exchange, but this news did not improve EOS fundamentally. The second rise of the big pie today is an excellent opportunity for EOS to rebound, but EOS did not rise along with the trend, and its volume and rebound were weak, showing a slight decline. In these two days, see if there is another volume that can be pulled up again. If not, there is no escape from the risk of falling. The upper pressure level is 4.8-5 US dollars, the lower support is 4 US dollars, and the strong support is around 3.4 US dollars. It is not recommended to chase higher.
XRP: Following the trend of the broader market, the short-term support is 0.3 US dollars. Ripple released its report for the second quarter of 2019 yesterday. In Q2, a total of $251.51 million worth of XRP was sold, an increase of about 48% from Q1 ($169 million) in 2019. The project party sold XRP crazily, which may be the root cause of XRP's difficulty in rising, and it is a currency that should be cautiously invested this year.
TRX: Its founder publicly admitted his mistake today, under pressure to admit excessive marketing behavior. TRON has always been famous for its marketing. If there is no marketing, can TRX still be counted as real TRX? Anyway, look forward to the follow-up performance. The impact of the short-term news on the currency price came to an end, and the disk followed the trend of the big pie, with a short-term support of 0.022 US dollars.
Platform currency: Follow the ups and downs of the big pie, pay attention to short-term strong support points (BNB is at 25 US dollars, HT is at 4 US dollars, OKB is at 2 US dollars, GT is at 0.8 US dollars), and continue to hold coins. What needs to be paid attention to is GT, because it has just been voted on Huobi, and since Huobi started FastTrack to vote for the currency, it seems that it is difficult to change the curse of plummeting when the project goes online, so pay attention to the risks.
Finally, if you have any currency you want to analyze, or questions about digital currency investment, you can ask questions in the message area below, and I will try to reply as soon as I see it.
