BTC once again goes down to test the 10,000 mark, whether the bulls can hold on
Since the price of Bitcoin appeared on the market the day before yesterday, the price has shown a fluctuating downward trend. At present, it is testing the 10,000 position again, and the short-term decline in the afternoon even reached the 9966 position. The bearish sentiment in the market does not seem to dissipate because of yesterday's upside.
Looking at the daily chart, yesterday's daily closing line ended with a long upper shadow line, indicating that the upward pressure is more serious. The upper 60-day moving average is still suppressed, and the bulls' efforts have come to nothing. At present, the Bollinger Bands on the daily line have also begun to show a closing posture, and the market may be further compressed. Shock will continue. The moving average indicators are currently showing a sideways overall posture. Looking at the indicators in the attached picture, MACD is still in the sideways below the 0 axis, and RSI maintains a downward posture. There is a high probability that the price will continue to fluctuate downward in the market outlook.
Looking at the 4-hour chart, the Bollinger Bands are currently showing a slightly downward posture, and the continuous downward trend of the price also expresses an intention of the current short sellers. After the price has fallen below the middle track of the Bollinger Bands, there will be opportunities to continue to decline in the short term. The 5-day moving average is also lowering the volume, suppressing the price at the first line of 10140. On the hourly chart, the price did not run near the lower track of the Bollinger Bands. Before that, the price had formed a 7-hour continuous negative situation, and short-term short positions were still relatively strong. Below you can first pay attention to the support at 10,000, followed by 9966. If the price falls below this line and goes down again, you can first pay attention to the support at 9850. If the price is always running above 10060, you can consider making a long order, with a stop loss of 10000 and a take profit of 10180.
Looking at the ETH daily line, the upward posture is still very obvious, but the upward momentum has indeed slowed down, and the current price has returned to the middle and upper tracks of the Bollinger Bands. Last night, the price also rebounded after stepping back on the 5-day line support. From a short-term perspective, the current price shows a posture of shock adjustment. The price outlook is expected to still have a chance to test the support of the 215-214 first-line position, followed by the 212 position. Therefore, it is recommended to call back and do more in terms of operation, and the price will enter the market at 215 For long orders, the stop loss is 212, and the stop profit is 220.
After BCH went down and touched the 308 position in the early morning, the price rebounded and touched the 318 line and fell back slightly. The current price is fluctuating around the 315 line. In the short term, the price may further decline. Below, focus on the support at the 310-308 position. In terms of operation, it is recommended that the price be pulled back to the 310 position to consider entering more orders. The stop loss is below 308, and the stop profit depends on the 318 position.
