The trend of BTC's zigzag reappears, and the short-term and medium-term risks have not yet been lifted
Bitcoin’s short-term waterfall yesterday morning caused a collective retracement of mainstream currencies. The article says, "The short-term market of this round of mainstream currencies is not over yet, everything still depends on how BTC will go next, and whether it will be given a chance to go on。”
BTC fell below the $10,000 mark for a short time, and then successfully recovered within 24 hours, making the overall trend return to the previous narrow range of shocks, which was unexpected. The gate-shaped market manipulated by the dealer reappeared, and the up and down amplitudes exceeded 5%. Under the double explosion of long and short, contract investors suffered heavy losses, and many people were liquidated out of the market again. The spot market was a false alarm.
current market conditions,Judging from the large range, it is still in the high-level triangle shrinkage finishing area, although there is a long lower shadow line on the daily line, the overall trend has not changed, and the market is still suppressed by the MA60 daily moving average.The short-term breakout did not change the medium and long-term pattern, and the overall situation is still bearish, waiting for the disk to change.
We can see from the big data of Okex contracts that when the market fluctuated violently in the past two days, the total position of BTC contracts has shrunk, which means that some people are not optimistic about the market outlook. Reduce risk. But relatively speaking,Contract open interest is still high, which means that most people are still optimistic. The trading volume indicator is most obvious when the market changes, mainly due to liquidation orders, and the performance is stable in other time periods. The strength of long and short positions is relatively balanced overall, and the current shrinking market may continue in the short and medium term.
In this case, even if the short-term market fluctuates violently, the range will be relatively small (about 5%), and moreA small number of hot money/bookmakers use short-term manipulation to affect local market conditions and obtain profitstherefore
thereforeThe recent BTC market trend is generally relatively stable. The volatile market has not yet ended, and the short-term risk is low, which means that there is no good market, and more of it is band profits. It is a test of investors' adaptability abilityOperation suggestion:
Operation suggestion:
BTC: The waterfall yesterday morning was successfully recovered in the early morning of this morning, and the zigzag trend reappeared, butJudging from the extent of the rebound, the volume energy is weak, which means that the volume energy of the rebound is not strong, and it rebounds to around 10320 and falls into a volatile trend, which means that it is not an effective rebound, just for the harvest in the futures market.
Next, this kind of up-and-down needle-crossing market may be more frequent, because the volume and price in the spot market are shrinking, and dealers can only harvest profits through fluctuations in the futures contract market. Personally, I hold a bearish attitude. In the short term, I will maintain a range of 9800-10000-10450 US dollars. The key is to break through the upper and lower ranges. You can wait to open positions in the spot market. The futures market should pay attention to the risk of fluctuations.
ETH: It was said yesterday that it will not break the $200 level, and there is still a chance to rebound again. After stopping the decline last night, it rebounded strongly, and the volume and price of the daily line level rose together. The short-term trend is strong, and there is a chance to rise to the range of 230-240 US dollars. Short-term operators can reduce their positions on rallies to keep profits.
LTC: Following the decline of the broader market, the rebound was weak, and it has not yet broken out of the 70-80 USD shock range. The daily line level is suppressed by the MA60 moving average.
BCH: The overall trend is weak, the shock range is not enlarged, the daily line level is closed above the MA60 moving average, and there is a chance to hit the pressure range of 330-360 US dollars.
EOS: Short-term high order trend, 3.8-4 US dollars range shock, rebound potential is weak, the support level is near the MA60 daily moving average (3.85 US dollars).
XRP: The daily line level is rising and falling. In the short term, it depends on whether it can stand in the range of 0.3 US dollars.
TRX: Following the trend of the broader market, the daily line level is suppressed by the MA60 moving average (0.0185 US dollars). If there is a large-scale breakthrough, there is a possibility of rising in the short term, and the pressure is around 0.020 US dollars.
Platform currency: The overall trend keeps pace with the broader market, rising and falling at the same time, the amplitude is small, the volume and price shrink, and it is difficult to have an independent market in the short term.
Altcoins: After a brief look at the daily K-line trend of several popular altcoins, they fell to the bottom position in the first quarter of this year, showing signs of bottoming out. You can pay attention to the coins with good news in the near future, and ambush them in a small amount.For this year's altcoin market, only the news of buyback and destruction has some power, Others, such as project progress, airdrops, cooperation, etc., have little impact.
