Bitcoin's short-term increase in volume, a signal for another round of market start?
Everyone knows that the recent trend of the broader market is mainly oscillating and finishing, and the trend is finishing in the small range of 9,800-10,500 US dollars, and the volume can be extremely shrinking.Although the battle between the long and short sides is fierce, it can only be seen as mutual testing when there is no amount.
But this morning, BTC rose by more than 4% in a short period of time. The point is that the released volume is huge, and the hourly-level increase can rank first in the overall K-line trend in August.This is an important signal.
We take the recent K-line market of Bitcoin, according to the connection of high and low points, to form aOne downtrend line and three uptrend lines, as shown in the figure below, the market trend since August has been suppressed by the downward trend line 1 as a whole.
It fell from the high point of 12,000 US dollars for the first time, found support at 9,500 US dollars, and then began to fluctuate upwards, and the bottom gradually raised, forming an upward trend line 1, but the rising volume has been very weak, at 11,000 US dollars Near the pressure line, the market fell due to the pressure of short positions, and the market fell back to a low of around 9,800 US dollars.
Then started the second shock rebound trend, forming the second upward trend line, but the rising volume was insufficient again, before reaching the pressure line, it was suppressed by short sellers, and the market fell again.
The uptrend line 3 is formed by connecting the recent 3-4 low points. Today, with the cooperation of volume and energy, it successfully broke through the downtrend line. This is a good signal.Judging from the market, the strength of the bulls has increased significantly, and the potential energy that has erupted in a short period of time is strong enough, giving confidence and hope to the market.
In the next 24 hours, if the market can stop falling and stand firm at $10,400, with today's volume, there is a high probability that it will break through the pressure range of $10,800-11,000 and move to the area of $11,000-12,000.
But if the market continues to fall for a short time and falls below 10,100 US dollars, it will be another situation, that is,In the bursting order market, the dealer uses short-term bursting of funds to burst the long and short positions in the futures contract market to make profits. This is the reason why the recent K-line market frequently has a "gate" trend. There are two manifestations of this situation, one is a very short period of time, the rebound ends in 2-4 hours, and then a sudden waterfall falls, and the other is that after rushing high and falling back, it will be sideways for a period of time at the current position, waiting for the bulls After the strength weakened, it fell downward.
For our ordinary investors, the current market situation is not completely clear. In the face of today's sudden boom in the market, we need to act more cautiously. Don't chase high and open empty orders at will, butOperation suggestion:。
Operation suggestion:
BTC: The 4-hour level has increased in volume. In the short term, there is a high probability of breaking through 10,500 US dollars, and it will attack the pressure level of 11,000 US dollars. If it goes higher, it depends on the potential energy of the bulls. In the short term, the current point is not suitable for entering the market, and the risk is relatively high. When the big pie fluctuates in the range of 10,000-11,000 US dollars, only a short-term drop below 10,000 US dollars and a small retracement after standing firmly at 11,000 US dollars are better positions for opening positions.
ETH: In the past few days, it has fluctuated slightly in the range of 180-195 US dollars. The release of volume is not obvious. 200 US dollars is still a strong short-term pressure. Short-term operators can build a small amount of positions in the range of 180-190 US dollars.
LTC: In late August, it has been consolidating the trend in the range of 70-76 US dollars. The market is not very active, and the short-term is not considered. It is recommended to wait for the breakthrough of 83 US dollars before taking action.
BCH: The market is consolidating the trend in the range of 300-320 US dollars, and the volume is weak. Waiting for further volume signals to appear, then consider the timing of entry.
EOS: Continue to organize in the range of 3.4-3.8 US dollars, the market is extremely inactive, and it is not recommended to operate before breaking through 4 US dollars.
XRP and TRX: It is not recommended to intervene until it fails to break through the support range this year (XRP is at 0.3 US dollars, and TRX is at 0.02 US dollars).
Platform currency: the daily level has peaked,Before the market starts a new market, the market is dominated by high-level shocks, short-term operators, you can consider quitting. BNB pays attention to the support of the daily MA180 semi-annual line (25.5 US dollars), HT is around 4.5 US dollars (MA60 daily average), OKB is 2.5 US dollars (MA60 daily average), and GT is 0.8 US dollars.
Altcoins: The overall trend is still weak, and individual currencies strengthen in the short term, but they are not sustainable. There is a greater suspicion of pumping up shipments, so wait and see for the time being. In addition, if you have any currency you want to analyze, welcome to ask questions in the message area.
