The decline of BTC has not deepened, whether the market outlook can stabilize and rebound
Today, the BTC bearish sentiment is still spreading, and the pressure is moving downwards. It has begun to occupy a dominant position at the 9200 line, while the bulls have already huddled around 9000. Although the trend has not yet broken through this key support area, the trend continues to test downwards , there is a further continuation of the downward trend. Once the support of the bulls below is difficult to hold, the follow-up will go further into the low point area, and pay attention to the primary position of the 9900 low point below.
The daily line level successfully closed yesterday for three consecutive negative declines, and the trend continues to press against the 60-day moving average. Today is also the most critical decisive day. Whether it can break through the deep downward trend, or stabilize again and form a rebound trend will also be formed today, so the following Let's take a look at the technical analysis. The opening of the Bollinger Bands opens upwards, and there is a trend of continuing to rise upwards. Then the trend has the ability to rebound upwards, but the upper pressure is strong, and the rebound is difficult to carry out effectively. Therefore, you can prepare for bargain hunting. To open a position, the author will point out the follow-up lows one by one. The 5-day moving average turned downward, and the 10-day moving average continued to rise upward. In the short term, the market sentiment is already unstable. The trend will continue to be compressed into a oscillating rhythm. Once the market breaks, this conclusion will not be valid. The market will once again explode. Breaking the 5-day moving average is expected to return to the rhythm of rebound. The trend is currently in the Bollinger Band In the upper track area, although breaking the 5-day moving average has led to the continued weakening of short-term market bull sentiment, if it can stabilize at the key support line, it will still give it an opportunity to attack. Therefore, the recent operation can start from many aspects. First, the idea of shock It needs to be maintained. The resistance area at the position of 9200-9300 can be used for short order layout, and for long orders, we choose the position of 9000-9050 to enter the warehouse in an appropriate amount. It is better to avoid the loss of positions due to the outbreak of greedy trends, which is very worthless.
Trends are generally difficult to grasp. Many friends encounter various problems because they cannot grasp the key trend changes. Then the author will point out the key changes here. The attached indicators are the most important for judging the trend. Yes, it is also a necessary analysis indicator, so today I will point out from the attached indicators that the current MACD indicator is running upwards, already above the 0 axis, and there is still the possibility of continuing upwards, then there will still be opportunities for rebounds in the future. , the SOTCH indicator is flat near the 50 level, and the RSI indicator is also flat near the 50 level, indicating that the market has begun to quiet down, and the rhythm has also turned to shock. It is difficult to start a big outbreak in a short period of time. Generally speaking, if you want to form a strong outbreak , will appear in the short-term indicator line, and will be pointed out to everyone in the follow-up. From this, we can know that today is a trend dominated by shocks, and there is a possibility of upwards. However, the market was severely blocked in the early stage and lacked rebound momentum. It will be a fluctuating situation, wait for the price to stabilize in the evening or follow-up or the volume of one side can increase, then there may be a change, and the trend is biased upwards, then the follow-up trend has not broken through 9000, according to the author's suggestion, the layout is around 9000, and follow-up to see a breakthrough The situation of the 5-day moving average at 9300. I am also used to advise everyone here that the operation must maintain good operating habits, and a safe and effective operation plan is the road to success.
