It is difficult for BTC to break through 10,000 points, and the upward movement is still weak
The price of Bitcoin maintained a fluctuating downward trend throughout the day. It went up briefly above 10,000 points in the early hours of the morning, and then fell down quickly after a short period of time. In the morning, the author Yu Jixin also gave the possibility of falling below 10,000 points in the article. Follow up the suggestion of empty orders, and the opportunity to leave the first-line position of 9900-9850 below has also been given. At present, the price has touched the lower support position and rebounded slightly to around 9950. Subsequent prices will have the opportunity to explore 10,000 points again, but the pattern of range shocks will not change much.
On the 4-hour chart, the Bollinger Bands are still in a downward trend, and the price has always been running between the middle and lower rails of the Bollinger Bands. The 5-day moving average and the 10-day moving average are currently glued together to suppress the price and the 9970 position. In terms of indicators in the attached figure, MACD is still maintaining a sideways arrangement below the 0 axis, and RSI and Stoch are showing an upward trend. On the hourly chart, the price rebounded after touching the lower track of the Bollinger Bands. Currently, the price is above the 5-day moving average, and the 5-day moving average is gradually rising. In the short term, the price may go up further to test the position of 9970-10000-10050, but it is still in a downward trend all day long. In terms of operation, it is recommended to rebound and short, supplemented by low positions. The price will enter the market at 9980. The target is at 9900. If the price continues to rise to the position of 10050 to cover the short position, the stop loss is at 10100, and the stop profit is also at the position of 9900. The price is given to 9850 to enter the long order, the stop loss is 9800, and the take profit is given to 9950.
ETH is currently following BTC out of a wave of rebound, and the price has regained its position above 210. At present, it has been suppressed by the 10-day moving average on the 4-hour chart in the short term. If it can break through and stabilize again in the future, there is a chance to give it to the 214 position. However, the current trend of the Bollinger Bands is still downward, and the upward momentum is not very strong. It is not easy to attack again. On the hourly chart, the price has broken through the middle track of the Bollinger Bands, and is blocked and fell back near 211 above. In the short term, the price is still in a volatile downward trend. The operation can be based on the high altitude within the range, supplemented by low and long positions. The price is placed at 212 to enter the market, with a stop loss of 214.5 and a stop profit of 207. The price is given to the 206 position to enter the long order, the stop loss is 203, and the take profit is given to the 210 position.
After BCH went down many times to test the lower track position of the hourly chart, it is currently showing a slight rebound trend, and the current price is suppressed at the upper track position. On the 4-hour chart, the price is still running between the middle and lower rails of the Bollinger Bands, and the trend of the Bollinger Bands is still in a downward trend. The price in the market outlook is expected to remain in a suppressed state. In terms of operation, it is recommended to sell short at high positions. At the top, focus on the suppression at the 309-310 first-line position, and at the bottom, focus on the support at the 302 position.
