Market analysis: BTC is under serious pressure to hold up the market, and the shocks go up, and the game between long and short continues
BTC
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At the daily line level, BTC is expected to receive a cross star located at the upper part of the Bollinger Bands after yesterday’s pseudo-9.4 panic. This position is also the pressure in the supply zone formed by the daily line level of 8.20. There is no upward attack because of this, and it may even be lower than yesterday's closing price (that is, there is quantity but no price). The above performance shows that the pressure in this position (10650-11130) is still very heavy. Looking back at history, we can know that this area is Buying at the bottom by retail investors is currently in the state of unwinding. Once the price returns to this area, this part of the unwinding order will be triggered and cause the price to fall. In terms of indicators, MFI and ROC are both fluctuating within the normal low volatility range. There is no Given the entry signal, CCI may break through 100 at any time to trigger buying. If you are interested, you can pay attention to it. In terms of operation, it is expected that there will not be very large fluctuations today. It is more about the continued game of long and short, because the background is bulls , so we think more about the bulls occupying a greater advantage, and we don’t know whether the pressure above has been completely consumed. Therefore, it is suggested that the bulls can consider lightening part of their positions around 10650-11130 to prevent a sudden drop in the volume; another way to go The method is to close the standard high cross star on the daily line, then a large number of short orders will be triggered after 8 o'clock, and the price will move downward. We can pay attention to the performance of the price to the middle track of the Bollinger Bands (there is also support near 10120, which is very short). may coincide with BOLL), if you can hold it, then don’t worry, once it is effectively broken, then consider stopping the loss and getting out.
At the 1-hour level, the performance of the Bollinger Bands is very obvious, and there is a high probability that it will enter the trend of repeatedly crossing the middle track. At this time, we only pay attention to the opportunities of shorting on the upper track and long on the lower track. The trading area of the Bollinger Bands is also supported by the lower track at 10416 (more precise than the 4-hour one). There is no performance in terms of indicators, and it fluctuates normally. Just pay attention to the trading opportunities on the upper and lower tracks.
ETH
Before breaking through the key pressure of 184-189, it is all regarded as a wide range of shocks. The upper pressure is very heavy. Although the current price is running at the upper part of the Bollinger Band, the price has already crossed the middle track and may continue to go down at any time. Simply put, ETH's chips are not concentrated enough and need to continue to fluctuate.
EOS
It is basically the same as ETH. Before it breaks through 3.6, it will not be possible to establish a bullish trend. Friends who operate according to the Bollinger Bands can consider taking more orders along the lower track, loosening the stop loss, and expecting to take profit on the upper track part to make a small profit.
LTC
With the narrowed BOLL band, there is no strength in both long and short positions. The key pressure is 73.5. There is no suggestion to hold positions and wait and see.
XRP
There has been a little movement, but it is still not worth getting involved, the profit-loss ratio is too poor, and the key pressure is 0.27.
BCH
Some bulls on the BOLL are in a weak upward trend in shocks, and wait patiently for the price to break through the middle track to intervene in long orders.
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