The BTC range-bound trend continues, and we will continue to wait and see before the volume is increased
Although PayPal, Mastercard, Visa, Stripe, Mercado Pago, eBay, Booking Holdings and other companies have announced their withdrawal from Facebook's Libra project, the Libra project is still going on. After a meeting in Geneva, Switzerland,21 Libra project partners officially signed the "Libra Coin Association Charter" and formally established the Libra Coin Committee。
For Libra, this move is a landmark event, which means that the Libra organization has been formally established, and it has changed from a loose alliance to a whole and moved to the front. With the addition of more entities, the funds and company strength behind Libra and influence will increase significantly,Libra progress could pick up speed as it faces more government regulatory scrutiny。
Other than that, there are not many changes in the news, and this is the overall status of the market in the second half of this year.The currency circle under the lack of news and popular concepts has fallen into the predicament of the game of stock funds, the investors in it, after several months of confusion and difficulties, still can't find a new direction and way out.
Under the current circumstances, we can only wait patiently for the opportunity. Judging from the BTC weekly trend, although it closed positive last week and the market stopped falling at 7,700 US dollars, it was still suppressed by the MA30 moving average, the MACD indicator was dead fork, and the DIF and DEA lines showed signs of gradual enlargement.The overall trend has not improved significantly. as i said yesterday,Operation suggestion:。
Operation suggestion:
BTC: The market consolidated its trend after a small waterfall yesterday, and rebounded slightly this morning, but the volume is still limited, and it is difficult to support a large-scale rebound trend. In the short term, 8400-8500 US dollars is still a pressure range. The short-term support is at 8,200 US dollars, and if it falls below, pay attention to risks.
In the futures market, the total amount of BTC contract positions on the Okex platform decreased for a short time, showing a slow downward trend in the past week. The fundamental reason for the decrease in positions isInsufficient confidence in the market, the overall ratio of the number of long and short positions is below 1.2, and the willingness of retail investors to place orders in the market is not too strong. In this case, it is like boiling a frog in warm water. Instead, you need to be vigilant and beware of a sudden riot by the dealer.
ETH: Although it rose slightly in the early morning of this morning, the volume and market confidence are insufficient, and it has fallen to the original point. At the 4-hour level, the K-line trend runs around the MA60 moving average. Once it effectively falls below $180, you need to pay attention to the risk of retracement. The upper pressure range of 190-200 US dollars is difficult to break through in a short time.
LTC: The currency price suddenly fell this afternoon, leading the decline in mainstream currencies, testing the support of 50-52 US dollars. If it cannot recover above 56 US dollars in a short period of time, it may continue to fall.
BCH: The short-term tends to sort out the trend, and the price of 225 US dollars fluctuates slightly. Continue to wait and see.
EOS: At the 4-hour level, the MA60 moving average constitutes an effective support. Pay attention to the moving average support in the short term. Once it effectively falls below, pay attention to avoiding risks.
XRP: 4-hour level, the trend is relatively strong, short-term hit 0.3 US dollars and then retreated, short-term pay attention to the support of 0.28 US dollars, and pay attention to stop loss when it falls below.
TRX: 4-hour level, M top trend, short-term pressure at 0.017 US dollars, support at the neckline near 0.0156 US dollars, once heavy volume falls below, pay attention to stop loss.
ETC: The short-term downward trend has effectively broken the previous support of 4.67 US dollars. In the short-term, it is necessary to avoid risks, and the lower support is 4.4 US dollars.
Platform currency: In the past few days, due to the stimulus of good news, the price of the currency has risen slightly. However, in an environment where the market as a whole has not rebounded significantly, the upward trend cannot continue, and attention should be paid to the risk of chasing high. BNB’s short-term support is $18, and the upper pressure is at $20; HT’s 4-hour level rises and falls, and the short-term focus is on the $3.5 support; OKB also rises and falls, and $2.3 is the short-term support; GT continues to shrink and sort out, focusing on the $0.5 Support, break the stop loss.
Altcoins: The overall market is weak, and it is not recommended to participate in the short-to-medium term. For new currencies that have skyrocketed, be cautious about chasing higher.
