Market confidence is lacking after the Great Falls, and the breaking point lies in the top exchanges

After the plunge in the early hours of yesterday morning, the market was in mourning,The short-term market fell into a state of silence, the volume of discussions on digital currencies on social media channels and the daily sentiment index have dropped to freezing point, and the market has suddenly cooled.

Except for the market of BTC and platform currency this year, the market of other currencies is not very good, especially the counterfeit currency, which makes many people go from hope to despair, and finally get stuck deeply.Under the game of stock funds, retail investors are just a foil for institutional investors, the road to return is far away.

Coincidentally, major exchanges have successively launched futures contract trading,"Survivor Bias"The story of the story became more and more popular, so that retail investors pinned their hope of making money on futures, and entered the market one after another to open orders. They wiped out all of them, and they were out of the game.

In the past 24 hours yesterday, the total liquidation amount of the major exchanges reached tens of billions of RMB. This was only automatically liquidated by the system, and the positions that investors took the initiative to stop losses and cut meat were not counted.Behind the bloody data is the cruel nature of the financial market. Everything is here to harvest the game. How can there be any definite chance?. All gambler-type retail investors who want to pursue short-term, smooth and fast, need to have a deep understanding of this.

The next market,In the short to medium term, it is in the adjustment period after the sharp dropBulls never die, bears never stopBulls never die, bears never stop", after this battle, many killed and wounded,The strength of the long and short sides of the market tends to balance temporarily。

Looking at the total contract positions of the Okex contract big data, before and after the sharp drop, the open interest dropped by more than 35%. yesFailure of Buying Power。

In addition to continuing to push down the market in extreme cases,The bears have no opponents in the short term, and can only guarantee the results of the battle by gradually closing their positions, and gradually become a bull force. The market also needs time to regain the confidence of participants, and the bulls and bears also need time to re-gather their strength until one side takes over. Advantages to break the deadlock. This is the so-called prosperity and decline, and the opposite of things.

In the medium to long term, althoughWe are still looking forward to the halving of BTC, BCH, and BSV next year, and the benefits of the 2.0 upgrade of the ETH network, but far from being able to quench thirst, there are still at least 4-6 months, and this period will be a vacuum period, except for the unpredictable black swan event, there is no heavy news to hype, which meansThe next few months will be tough。

The only thing we need to focus on is,New trends and trends of major exchanges. As the heads, they occupy the highest point in the currency circle, and they have a far deeper view of market acumen and future development direction and layout than ordinary retail investors. The IEO model first launched by Binance Exchange at the beginning of this year has successfully stimulated the enthusiasm of the entire market, but now the IEO popularity is no longer, and the online contract market has just eliminated a large number of retail investors, and the development is facing a dilemma.Operation suggestion:。

Operation suggestion:

BTC: Daily line level, in the mid-term adjustment trend after the triangle breakout, various indicators are under repair,The K-line trend is not stable, and the overall is still bearish, the large support range is 7,200-7,500 US dollars, and the pressure is between the MA180 half-year line of 8,800 US dollars and the previous 9,000-point support range. Only after the rebound once again stood firm at $9,000, the bullish pattern was formed.

At the hourly line level, it is in the consolidation trend after the sharp drop, the consolidation range is 8200-8600 US dollars, and the trading volume is gradually shrinking. From the perspective of market sentiment, short-term extreme panic, the FGI index fell to 12, investors' willingness to buy bottoms is extremely low, and it is difficult to gather effective rebound power. In addition to fixed investment, short-term bottom-hunting is prudent and wait-and-see.

ETH: In the short term, it is in a small-scale consolidation trend, and the strong support below is at 130-150 US dollars. After the 165-170 US dollar range is fully consolidated, there is hope for a rebound when BTC stops falling and stabilizes.

LTC: 50 U.S. dollars is just at the central position of the market trend in the past year. If it does not fall below this position, there is hope for a rebound. The rebound pressure is in the range of 60-70 U.S. dollars. BCH: Short-term repair and sorting of the market, 200 US dollars is the short-term support, and there is hope for the market to return to above 240 US dollars.

EOS: 2.7-2.9 US dollars are in the small range, the short-term strong support is 2.2-2.4 US dollars, and the upper pressure is 3 US dollars.

XRP: It rebounded slightly in the short term. If it can close above 0.25 US dollars, the market still has the hope of continuing to recover upwards. It is not recommended to enter the market for a short time, and then consider it after re-standing at 0.28 US dollars.

TRX: There is a short-term rebound, but the volume is insufficient. Wait for the market to stabilize at $0.016 before considering the timing of entry.

ETC: The market is sorted out among small groups, with short-term strong support of 4-4.2 US dollars, and the upper pressure is at 5 US dollars.

Platform currency: Follow the market trend for a short time. As the head of the currency circle ecology, if the exchange can find a new hot spot model, the market may rise again.Short-term attention to the breakthrough of support and pressure levels, breaking through the pressure level, you can follow up with short-term small positions. BNB supports USD 15, pressure is USD 18-20, HT supports USD 2.9-3, pressure is USD 3.5-3.7, OKB supports USD 2, pressure is USD 2.3-2.55, GT is seriously oversold, pay attention to the breakthrough of USD 0.6 in the short term.

Altcoins: The overall rebound is weak. After the previous plunge, investors have become more rational, and the probability of intervention is not high. Hold them and wait for the gradual lighten-up operation after the rebound.