After the Bitcoin waterfall fell below 10,000 US dollars, who harvested your order?
At 2 o'clock in the morning today, BTC suddenly plummeted, falling from $10,200 to $9,600, a short-term drop of 600 points in ten minutes, and it was a heavy drop. The mainstream coins and altcoins followed the waterfall, with an overall decline of more than 10%, and the market was once again in distress.
Before Bitcoin was at the $10,000 mark, it maintained a small-scale consolidation trend for more than a week, causing many market participants to chase ups and downs in the short-term range, and had a great time playing. The articles in the past two days have repeatedly reminded that it is necessary toBe vigilant against the crisis in the current situation of "boiling frogs in warm water". Because once the direction is chosen, those who make the wrong trend will suffer heavy losses, and it is the best choice to stay on the sidelines.
In August, the market as a whole was dominated by shocks, but once it fell, it was allThe trend of heavy volume and decline in a short period of time, while the daily line level in the spot market is a trend of shrinking volume, which only reflects one situation. The focus of the main competition is the futures contract market.
There are bankers in the digital currency market, and there are not only one or two forces, but many, similar to the period of warlords, each standing on the top of the mountain is king,The difference is only the amount of BTC held. Tens of thousands to hundreds of thousands of BTC stocks are players at the top of the food chain, thousands to tens of thousands are middle-of-the-road hot money forces, and the rest are retail players。
The spot market is dominated by top forces, The strong trend of the BTC market since April-June is dominated by them. Under such circumstances, hot money and retail investors can only follow the trend, and they can't make waves at all. However, during the consolidation phase of the market at a high level from June to July, after the top forces completed high-level cash-out or a round of harvest, the market transitioned to hot money dominance. If you want to make a lot of money in a short period of time, you can only play guerrillas in the futures market by increasing leverage. At this stage The spot market is completely subject to the futures market.
There are also some small hot money, the stock is around several thousand BTC,Playing lending or dark bank operations in the market, the operation method is to specialize in a trading platform, within a few minutes to tens of minutes, directly smashing thousands of BTC, causing a short-term sharp drop in the market, through advance Ambush contract orders to grab huge profits. Thanks to the quantitative trading strategy, the BTC prices on exchanges around the world are linked, and the price of the currency is lost. If BTC takes the lead, mainstream currencies and altcoins will follow simultaneously, and the short-term market trend will be reversed.
The above situation is actually a tacit fact of big players and trading platforms, but retail investors know little about it.The book profit and loss of retail investors' spot positions, as well as the contract positions of most retail investors, were blown out in this way. Everyone can clearly feel that the digital currency market in the past two months has become more and more difficult to play. Not to mention that the road to return to capital is far away, and you will often be hit by waterfalls, and you will be physically and mentally exhausted.
This year's digital currency market has evolved from the previous simple money-making model to the hell model.Please remember this sentence.Operation suggestion:。
Operation suggestion:
BTC: The waterfall in the early morning of this morning fell below the triangle consolidation range, and the market maintained around $9,600 for a period of time. However, in the absence of bulls’ counter-offensive force, they continued to show a downward relay movement. The limit support point below is at $9,000 first line.
The market is driven by futures contracts. From the perspective of the long-short ratio of the OKEx Bitcoin and ETH contract elite accounts, the gap has widened significantly since 2:00 a.m., reflecting a large number of short position liquidation operations, and long positions have an advantage. At the same time, the contract positions and trading volume have an increasing trend.. therefore,. therefore,Today's decline does not mean the formation of the main decline pattern. Once the market stops falling, the market is expected to usher in a rebound in the shock, the rebound height sees the range of 9800-10300 US dollars, so you can build a small amount of bargain hunting.
At the daily line level, BTC has come to the vicinity of the MA120 moving average support. The short-term test of the support at this position, on the whole,9,000 US dollars is the low point of the high and volatile trend. If you can hold this range, the market still has the hope of rebounding, but the rebound height may be relatively limited, because the MACD dead cross at the weekly level has appeared, and there is no new round of upward market push. The trend of the large cycle level is difficult to reverse. However, if the market falls below $9,000 in heavy volume, a large-scale correction may come soon.
ETH: The short-term heavy volume fell, scaring out some chips. In the short-term, we will see the rebound trend. A small amount of positions will be opened in the range of 150-170 US dollars, and the rebound range will be 180-200 US dollars.
LTC: The situation of falling waterfall is inevitable. It is recommended to pay attention to the support strength in the range of 50-60 US dollars, and the rebound pressure is 80 US dollars.
BCH: The decline is relatively small, and there is some support in the market. You can build positions on dips in the range of 260-280 US dollars, and the rebound pressure is 300 US dollars.
EOS: Leading the decline of the mainstream currency, the trend is extremely weak. The short-term test is the support of 3 US dollars. Once it falls below this point, it may go to the range of 2-2.5 US dollars. Operate with caution. XRP: Following the decline of the broader market, the trend is weak, and it is not recommended to enter the market in the short term.
TRX: The short-term decline is serious. Once the support level of 0.015 US dollars is broken, the next range is 0.01 US dollars. Pay attention to market risks.
Platform currency: Since August 21st, the platform currency has been reminded of the potential decline risk,The mainstream platform currency has fallen by more than 20% in total, and has entered a downward trend from the previous high and volatile consolidation trend. The popularity of platform tokens brought by IEO this year has come to an end. Recently, the IEO projects of various platforms have not been launched as expected, and the decline has become more and more obvious, for the platform currency, the short-term and medium-term selling pressure is relatively heavy, so pay attention to risks. In the short-term, pay attention to the support of each platform currency. BNB has a significant decline and fell below the MA180 daily moving average. In the short-term, it will test the support of 18-20 US dollars. HT is at 3.3 US dollars (MA180 daily line) / 3.8 US dollars (MA120 daily line). -2.25 USD range. The sharp drop of GT in the past two days is suspected to be related to its latest IEO project DILI. With reference to the previous CNNS launch situation, short-term attention is paid to the support of 0.7 US dollars, and the risk of falling below is intensified.
Altcoins: In addition to individual currencies, the phenomenon of altcoins plummeting is more obvious, becauseLack of profit-making effect, poor market liquidity, and low willingness of retail investors to buy bottoms. Once the mainstream currency falls, the altcoin will plummet due to insufficient acceptance. Continue to wait and see in a short period of time, and participation is not recommended. In addition, if you have any currency you want to analyze, welcome to ask questions in the message area.
