BTC's upward movement is blocked, and mainstream currencies adjust and accumulate strength
After the upward attack in the morning, the price of Bitcoin has gone out of a fluctuating downward trend within the day. It is currently running around 10140, and the price has gone up after yesterday's downturn. The emergence of the Huamen market has also made many investors speculate whether it is a possible position for the dealer, and to cover up the subsequent smashing again. The current price is indeed in a state of pressure, but the author Yu Jixin believes that for short-term operation, it does not make much sense to guess how the market will go in this way. Grasp the current market and operate with the trend , while controlling risks and grasping profits is what short-term operators should do most, isn't it?
From a technical point of view, on the 4-hour chart, the price ended with a big positive for two consecutive cycles after yesterday’s close. After hitting the high point above 10322, it began to fall back. At present, it has formed a situation of two consecutive negatives, and the price is also currently there. It is possible to further test the position of the middle rail of the Bollinger Band. Below you can focus on the effectiveness of support at the 10110 position. The 5-day moving average still maintains an upward posture, and the price is suppressed by crossing the Bollinger middle rail and the 30-day moving average at the first line of 10165. On the indicators in the attached picture, the MACD continued to increase its volume after the golden cross. The current momentum has slowed down, but it still maintains an upward posture. RSI and Stoch have now turned to a downward posture.
On the hourly chart, the Bollinger Bands are currently showing a closing posture, and the continuous downward shock of the price has also touched the middle track of the Bollinger Bands. The 5-day moving average crosses the 10-day moving average at 10150 to suppress the price. In the short term, the price will still be further tested downwards. The lower part will focus on the 10100 first-line support. If it falls below, the lower part will first focus on the 10000 position, followed by 9900. In terms of operation, in the short term, it will still be treated as a range shock, and the price will enter the 10100 position. For a long position, stop loss at 10050, take profit position at 10180, break position at 10260, if the price goes down to 9900 to cover long positions, stop loss at 9850, take profit position at 10000, break position at 10100. The price is given to the 10260 position to enter the empty order, the stop loss is 10310, and the profit is 10180
The intraday trend of ETH is linked to the big pie, and it is also showing a trend of rising and falling. The price on the 4-hour chart has fallen below the support of the 5-day moving average. Below, you can pay attention to the 213-210 first-line support. In terms of operation, it is recommended to call back and buy more. The price is given to the 213 position to enter the long order, the stop loss is at the 210 position, the stop profit is first at the 217 position, and the break position is at the 220-223 position.
