The market is seriously oversold, and there is a demand for rebound in the short term
Bitcoin’s $10,000 mark still failed to hold, instead causing a larger level of waterfall, mainstream currencies and altcoins once again flowed into rivers, and the market was full of grief.
Judging from the sentiment of the public, after several consecutive days of decline, many people have started the mindless bearish mode, 9000, 8000, 6000, and some even saw 3000. It only takes a few days for everyone's mood to go from optimistic to extremely pessimistic.excessive emotional expression. Judging from the current point of BTC, compared with the lowest point in December last year, the increase is nearly three times. The low point of last year is the most pessimistic time, not now.
We often say,The market always bottoms out in pessimism, rises in hesitation, and peaks in optimism.The overall market trend this year has perfectly verified this sentence. And now the market is at a pessimistic time, what should we do at this time? Many people think that the price is OK, and they are already on the way to buy the bottom. Many people still wait and see, thinking that it will continue to fall.
Regardless of the point of view, remember one sentence:In the trading market, you can't copy at the lowest point and sell at the highest point. After all, everyone is not a god, and individuals cannot influence the overall situation of the market.All you need is to ensure the maximum profit, buy at a relatively low point as much as possible, sell at a relatively high point, and part of the profit in the middle of the profit is enough。
After several consecutive days of decline, the currentThe short-selling kinetic energy has been effectively released. In the short term, there is a demand for a rebound in the disk. But it is different from the previous sharp drop and rebound. This time it has been falling for several days in a row. The short-term potential is obvious. Not on the way down. It is initially estimated that the short-term bottom is in the range of 9000-9500 US dollars, but market risks still need to be paid attention to.
At the same time, the decline of BTC in the past few days has also successfully broken the synchronous linkage trend of Bitcoin and gold.The attributes of BTC as a safe-haven asset have been questionedOperation suggestion:
Operation suggestion:
BTC: In the battle for $10,000, the resistance of the bulls is too weak. With the break of this threshold, the small rebound since August has returned to the original point again. In the short term, focus on the support of the $9000-9600 range.If a stop-fall trend can be formed in this range, there is still room for a rebound in the future, and the overall market can be regarded as a high-level consolidation trend that is still in the short-to-medium term. But once it falls below $9,000, the market will enter a mid-term deep correction to consolidate the trend, and the risks will intensify. As for bottom-hunting, you can buy a small amount of spot goods, but the position should not be too heavy. If it falls below 9,000, you must stop the loss, and go up to the range of 10,000-11,000 US dollars to take profit.
ETH: Once the lifeline of 200 US dollars is broken, a big waterfall is coming. The range of 160-180 US dollars constitutes a short-term shock point.
LTC: Under the large-scale decline of the big pie, it is inevitable to escape the signs of decline. The low of 80 US dollars lasted for several months fell below, and the lower adjustment range is 65-75 US dollars. Cautiously buy bottoms.
BCH: The strength of the previous two days successfully fell below today, with a short-term drop of more than 20%. The short-term support range is 230-270 US dollars.
EOS: Once the support of $4 is broken, the decline will be serious. In the short term, the trend of the range of $3-3.5 can be consolidated, and you can buy low and sell high.
XRP: Seriously oversold, once fell by more than 30% in a short period of time, hitting a record low. Looking at the daily line level, the volume is weak, and there is a need for a rebound in the short term, and the upper part of 0.28-0.3 US dollars is the pressure level.
Platform currency: Synchronized decline, pay attention to its support point in the short term, if it falls below the heavy volume, withdraw the short-term chips first. BNB pays attention to the support of the MA180 semi-annual line at 24 US dollars, and pays attention to the price fluctuations after its platform maintenance; HT has a short-term support of 4.6 US dollars, and the market support is strong, so you can continue to hold it; , Short-term downward trend, pay attention to the support of 2.4 US dollars. GT is in the range of 0.8-1 US dollars. Although it has fallen, the energy is not obvious, and it is still mainly holding coins.
Altcoins: I have been saying before that when the market is unstable, don’t chase high and don’t buy bottom. In the past two days, the mainstream currencies have seen a drop of more than ten points, not to mention the altcoins, their liquidity and acceptance are weak, and they will continue to be weak in the short term, and we will consider it after Bitcoin stops falling. In addition, if you have any currency you want to analyze, welcome to ask questions in the message area.
