BTC recovers in the short term, and mainstream currencies collectively retreat
The competition for Bitcoin price at 10,000 points has intensified recently, and the bulls and the bears are unwilling to give up resistance. The current price is still hovering around 10,000 points, and the trend is still in a stalemate. In addition, the good news in the past two weeks has continued, such as the Federal Reserve's interest rate cut, CME Group will launch bitcoin options, etc., which have not effectively pushed up the price. Then after the good news is exhausted, the short-term situation becomes a bit severe, and there is a high probability that the market outlook will continue to fluctuate or even decline.
From the daily chart, the overall price is still in a volatile trend. In the previous two days, the price recorded two negative lines with lower shadow lines at the end. The price fell slightly during the day and returned to above 10,000. The current price stands at 5 The daily moving average, however, does not show a very strong upward momentum as a whole. If the price can always stand above the 5-day moving average in the future, then there is a chance to touch the 10-day moving average and the 30-day moving average 10130-10150 within the day. For a breakthrough, you can pay attention to the suppression of the 10250 position. The trend of Bollinger bands is still slightly downward. On the attached indicators, MACD maintains a horizontal posture below the 0 axis, and RSI and Stoch tick upward near the 50 horizontal line. The price has the ability to maintain an upward trend in the short term, but the overall trend is still volatile.
On the 4-hour chart, the Bollinger Bands show an upward closing posture, and the price is currently suppressed in the short-term rise at the middle rail position, and the 5-day moving average is also hooked up. Currently, the 10-day moving average is supporting the price at 10,000. On the hourly chart, the price continues to rise, and it has reached the upper track position of the Bollinger Bands. The Bollinger Bands are closed, and the 5-day moving average is increasing in volume. On the whole, this wave of short-term price rise has already given the upper resistance position, and the upward momentum has weakened. In the follow-up, you can pay attention to the upper 10100-10150 first-line position. If you break through successfully, you will follow the trend and follow the long order to the 10250 position. If the price still fails to break through, you can consider empty orders, first pay attention to the 10,000 point position below, if it falls below 10,000 points again, you can first look at the 9,000 point position, and then 9850 points.
After the continuous upward movement of ETH, there is currently a need for a callback. The price at the daily line level yesterday ended with a negative line. After stepping back on the 10-day moving average within the day, the price rebounded again to run above 210. The 5-day moving average is currently hooked downwards to suppress the price. If the intraday price can remain above 210, there is a chance that the continuous upward trend of shocks will touch the 214-215 first-line position, but it is not easy to go out of a more substantial upward trend. If the price falls below the 210 position, you can first pay attention to the support at the 207-206 position, and if it falls again, you can see the 200-192 position.
BCH has also gone through a wave of retracement, and is currently testing the support of the middle track of the daily Bollinger Bands. The 5-day moving average and the 10-day and 60-day moving averages converge at the 310-311 position to suppress the price. This position is also the current strong pressure It is not easy for the price to break through upwards. In the short term, the price is currently rebounding after stepping back on the lower support position, but there are many resistances above. During the day, you can focus on the first-line position suppression of 310-311. If you have a chance, you can consider entering an empty order, stop loss at 315, and take profit at 303. The price is given to the 303 position to enter the long order, the stop loss is below 300, just look at 310.
