Bitcoin National Day Quotes: Shock and Consolidation
Bitcoin basically continued to fluctuate in a sideways pattern yesterday, and the short-term market did not change much. The highest market in the evening only touched around 8250, and the upper resistance was relatively large. When the market broke through to around 8250, it was blocked and then went down. Judging from the shape of the K-line, a long upper shadow line appeared many times, which shows that the upper selling pressure is heavy, and the market has repeatedly encountered resistance and fell back; at the same time, the latter K-line is in the shape of a cross, which means a reversal; therefore From this point of view, the short side will be more powerful in the later market, and the downward trend is coming. In the daily chart, the market has fluctuated downwards in recent days.
Although the K line closed positive yesterday, judging from its closing line, yesterday’s multi-party energy was not very strong, and the whole day’s rise was basically equivalent to the pullback. It was just that the market pulled up for a short period of time at the close, but it did not affect the later period. The trend played too much role; at this time, the short side continued to make efforts, and the market insisted on running above 8100, struggling hard, trying to avoid this downward trend of correction; the overnight trend of BTC was relatively slow, and the trading volume was small, so there was no significant increase Fluctuating, not suitable for spot opening operations, and the effect of making money is extremely low.
The ETH daily chart shows that the Bollinger Bands are showing an open posture. The price has continued to rise since yesterday's retracement of 170, and the resistance above 179 has increased, and there has been a fall, but it is still in the middle and lower rails of the Bollinger Bands. The 10-day moving average below forms a support point, hooking upwards. The five-day moving average is around 175, and the trend is slightly downward. The two MACD lines in the attached picture are respectively above and below the -4 axis, which are still in a parallel posture. The RSIStoch indicator is near the 40 line, showing a flat trend, and the overall situation remains stable.
Looking at the 4-hour chart, after the fall, the price fluctuated around 175. The overall volume is not particularly strong, and the trend is mainly adjusted. In the short term, it is still a volatile downward posture. It is recommended to operate at high altitudes and low prices.
The buying effect of the recent market is not strong, the overall lack of breakthrough momentum, and the pressure continues to weaken. During the operation, an effective profit rhythm should be grasped, and the profit should be left in time to avoid missing more opportunities due to failure to achieve the expected profit. Take a safe profit-making rhythm, take a good stop-profit and stop-loss, and the National Day is approaching, and we will be on the same line with everyone during this period.
