There is still room for mainstream currencies to make up for the increase, but we need to pay attention to the risk of BTC’s change

Recently, major coin speculation groups have become active again, and the linkage rise of mainstream coins seems to give everyone the hope of a bull market, and many people can't help but start chasing the rise.

Since the beginning of this year, Bitcoin has been leading the market trend, following an independent market, and mainstream currencies and altcoins have followed the decline but not the rise. Bitcoin has been on the main battlefield for a long time, and it is understandable to stop and rest for a while.

When the big battlefield died down, a local war broke out in the mainstream currency.On the one hand, there are too many BTCs that have fallen behind before, and technically there is a need for a rebound to make up for the increase, most retail investors are also eager to see the rebound of mainstream currencies;The trading volume of mainstream currencies continues to shrink, which has an impact on liquidity, and the depth of the market is weak. At this time, the dealer only needs to embezzle a small amount of funds in the market to enter the mainstream currency, and it can pull the mainstream currency up, forming a sign of rebound and market trends。

First, there was the EOS riot. After rising twice, it was ETH’s turn to take over. Then even XRP, which has been standing still this year, started an upward trend.The feeling given to most retail investors in the market who are eager to return their capital is that it is finally the turn of the mainstream currency to rebound, and if you don’t get in the car, you will miss the opportunity. Therefore, after waiting and watching for so long, as soon as the FOMO sentiment came up, they chased after them one after another, and found that they made money when they bought it. This kind of money-making mentality is hard to see this year, and a lot of money has been invested in it.

As everyone knows,The linkage rise of mainstream currencies, rather than a collective skyrocketing, is actually just a deliberate move by the banker. With the least amount of money invested, the best effect is achieved. It lasts for a long time, leaving enough time for everyone to get on the car. But the ending will be the fate of being harvested again, it's just a matter of time.

During this period of time, the mainstream currencies collectively rebounded, and we can’t help but ask,Has the logic of currency speculation changed this year? Has there been a big change in market news?No, it is still dominated by BTC,Since the BTC disk has not moved, it means that the logic at the bottom of the market has not changed, Then why can the mainstream currency market reverse?

Because of the serious oversold phenomenon in the early stage, there is a demand for supplementary gains technically. In addition, the recent good news of ETH, EOS, and XRP is also fueling the flames, butThese news cannot fundamentally change the weak pattern of mainstream currencies, because when BTC soared before, there were still a lot of good news about mainstream currencies, but it did not bring about a rise in the market, soThere is no logical reason to reverse.

Therefore, the current rebound of mainstream currencies can only be regarded as"Compensation market", since it is a supplementary increase, it means unsustainable, and the general result is that it will stagnate after reaching a certain high point (previous pressure range), the best prediction is that the linkage of mainstream currencies will cause BTC to make a breakthrough in the form of consolidation, bringing about a general rise in the market, and the worst is that BTC may change at any time, resulting in the interruption of the mainstream currency market.

Judging from the current trend of mainstream currencies,There is still a certain room for growth from the dense chip area in the early stage, about 5-20%Operation suggestion:

Operation suggestion:

BTC: The daily line level is still in a triangle shape, suppressed by the MA60 daily moving average, and the 4-hour line level. The overall trend is in the small range of 10,000-10,500 US dollars. MACD, KDJ, BOLL and other indicators are all in a state of convergence, and they are about to face changes. Therefore, it is necessary to be cautious and pay attention to the breakthrough of the support of 9,800 US dollars and the pressure of 10,500 US dollars in the short term.

ETH: The daily level has 5 consecutive suns, forming a circular bottom shape. It is currently at the neckline (215 US dollars), and it is expected to continue to rise after it stands firm. The short-term support is around 200 US dollars. If you retreat to this position, you can buy low. , the upper pressure is in the range of 230-240 US dollars. It is recommended to reduce positions on rallies and retain swing gains.

LTC: Short-term rebound trend, the upper pressure is at the MA60 moving average (80 US dollars), and it is hoped to enter the 80-100 US dollar box range after breaking through.

BCH: Since the heavy volume has broken through the pressure of 310 US dollars, the follow-up is bullish, and the pressure range is 330-360 US dollars.

EOS: As the vanguard of this market, it is currently sorting out the trend in the range of 4-4.2 US dollars. Once the finishing is completed, it is hoped to start the upward trend again, and the upper pressure range is 4.2-4.8 US dollars.

XRP: Consistent with yesterday’s forecast, after a breakthrough of 0.27 dollars, it ushered in a big rebound, and now it has come to the strong support position since this year, 0.3 dollars. In the short term, it will fluctuate, and 0.3 dollars will need to be fully consolidated before there will be a new market, but expect The degree should not be too high, it is difficult for XRP to have the independent market of last year.

TRX: Short-term synchronous rise, 0.017 US dollars can stand firm, there is still room to rise, the upper part is strongly pressed in the range of 0.019-0.020 US dollars.

Platform currency: The overall trend is still shrinking. BNB is short-term rising due to favorable stimulus such as the opening of the US exchange and the opening of the fiat currency channel, and the short-term pressure is 25 US dollars; The range will also be limited.

Altcoins: There are signs of a rebound overall, but the increase is low. Compared with the rebound of mainstream currencies, the liquidity is weak.It is necessary to beware of the risk of a sharp drop caused by insufficient receiving orders when the market retreats, so it is still mainly to wait and see. For some popular altcoins that rank high (the top 100 in market value), you can ambush 1-2 oversold currencies and operate in the band.