Market Analysis: Bitcoin Slow Down, Is It Usher in the Best Time to Buy?
BTC continued to fluctuate at a low level over the weekend, and the trend further fell below 9900. Although the short position is not strong, there has been no strong rebound trend and it is difficult to start an upward rhythm. Today's trend peaked at 10050 and then fell back, and the lowest went to the 9870 line , in the vicinity of the lower track of the Bollinger Band at the daily level, the trend continues to weaken, and has entered a rhythm of continuous low consolidation similar to other mainstream currencies from mid-August to mid-September. The 60-day moving average continues to play the role of upper resistance, but good On the one hand, the resistance does not intersect with other indicators. It is relatively easy to form a breakthrough in the follow-up, but it has not yet emerged from the general trend of narrow range shocks. Everyone still needs to refer to range shocks in operations.
The trend in the hourly chart breaks the defense line of the Bollinger Bands lower track again, and the space of the Bollinger Bands will be opened up again in the next stage. The trend support is at the 9800 line, and the short position has not been strengthened. You can place short orders here to take profit and place long orders Layout, the suppression of the 10000 line of the middle rail of the Bollinger Band is relatively easy to break through. The intersection of the MA60 moving average and the middle rail at 10050 in the early stage forms a long-short division, and the upper resistance comes to the 10100 line. In the interval operation, refer to the support 9800, resistance 10100, 10400, once the trend After breaking through and stabilizing at 10100, there will be an opportunity to test 10400 again, otherwise it will remain oscillating within the range of 9800-10100. In terms of operation, it is recommended to enter the market with more orders around 9850 and take profit at 10050.
ETH has entered into a high order after a continuous upward trend. Jiayong has recently reminded that there is resistance at the 222 line above. It is necessary to wait for the recent consolidation stage to be completed. There may be opportunities to follow up to the top of 230. The weekend should be based on shock consolidation For reference, today’s trend has rebounded after reaching the lowest line of 209. It can be seen that there is a support defense around 210. This point is also the position recommended by Jiayong to enter the market. At this stage, the opportunity to enter the market near 210 has been given. Friends who have completed the layout can continue to hold orders, and friends who are waiting for further callbacks can seize the opportunity to enter the market after the next trend tests the resistance above 220 again. After the good news of ETH, it will gradually show an upward trend. Today’s operation recommends shorting 215, stop Leave the market quickly after profit 209. Whether it is the accumulation of income during fluctuations, or the expansion of income during long-short heavy volume, Jiayong will bring you the most comprehensive analysis and suggestions to help you achieve ideal results in the end. Friends who want to get my instant guidance and advice can add Jiayong Yong v: woyaomfz.
