The 9000 point of the BTC market is hanging by a thread, pay attention to the dealer's breaking action
Bloomberg compiled trading volume data from 13 major crypto exchanges around the world and found thatCrypto futures trading volume currently accounts for nearly 50% of the value of spot trading in the crypto market.
The well-known Huobi and Binance have launched futures contract trading this year, and many second- and third-tier exchanges and unknown new exchanges have entered the futures battlefield one after another.Futures become the highlight of the entire digital currency market in 2019 and the source of exchange profits。
The futures contract products in the financial market are originally designed for two purposes:Hedging and adjustment corrections to spot market prices. However, because of the added leverage mechanism, it is used by many people as a tool to make a big fortune with a small amount, and it is also a sharp tool used by dealers to manipulate the market and harvest leeks.
I personally have no objection to futures contract products, and I also play occasionally, looking for a sense of the market, and verifying my analysis logic of the market. what i object to isBlindly placing heavy bets without understanding the basic situation, and rushing in when others say that the contract makes money and getting rich overnight, regardless of the huge risks involved。
Before making any investment, you mustPut risk awareness in the first place, do not seek victory, first seek defeat. The first thing in the market is to protect yourself, and then to make money. This is the common sense in all investment masters and investment books. However, the actual trading technique of many retail investors is to abandon common sense and blindly operate blindly, and the final result can be imagined.
Making money in the financial market is a low-probability event. I hope everyone can take it as a warning, especially in the 7*24-hour continuous trading market of digital currency, which lacks limited supervision and chaotic primitive forests, and the risk is exponential. multiplied. what we need isEstablish a correct concept of investment and financial management, and participate cautiously under the premise of ensuring the safety of the principal。
Back to the market, BTC continues to shrink and consolidate, and the market is in a wait-and-see mood, or the market seems to have no direction before the dealers take action. From the perspective of the daily line level, the trend from July to the present is first of continuous shrinking, falling and turbulent. The support of 9,000 US dollars has been worn out for 3 months. Up to $7000.
OriginallyPrepare to continue to suppress the market and collect more cheap chips to meet the BTC halving next year, but last weekend’s sudden good policy news disrupted the dealer’s rhythm, and the dealer took advantage of the trend to pull up, and is currently operating in the shock range of 9,000-10,000 US dollars.
9,000 US dollars is the early chip-intensive transaction area, and there are a lot of locked-in orders. This point has been touched several times in a row this week. In fact, it is the test of the dealer. If you want to pull up, pull it early.Before the dealers increase their volume, the current volatile trend will continue. The purpose is to wipe out the long-term momentum and confidence in the market outlook of retail investors due to favorable policies. Some even suppress the market by extreme means to cause market panic and collect chips.。
Of course, it is also possible that in the process of continuous and repeated shocks, after the confidence of retail investors is wiped out, retail investors will be shocked out of the car during the process of taking advantage of the trend. Recently we only needPay attention to the important pressure threshold of 10,000 US dollars, and the breakthroughs that fail to stand firm at the daily line level are all false breakthroughsOperation suggestion:
Operation suggestion:
BTC: It fell for a short time last night and once fell below the support of the MA60 daily moving average ($9,000), but it was quickly recovered by the bulls. The short-term trend of concussion and consolidation among small groups is expected to continue.We need to have more patience with the market, Before the dealer takes action, just wait and see. In the short term, you only need to pay attention to the breakthrough of the limit point (support 8800-9000 US dollars, pressure 9800-10000 US dollars).
ETH: It once fell below the recent short-term support of $180 last night, but then rebounded. It is currently maintaining a volatile trend in the range of $180-185. The daily level is still supported by the MA60 daily moving average. If the support is not broken, it will continue to hold coins.
LTC: Shrinking order, the market maintains a oscillating trend in the range of 55-60 US dollars, short-term attention to the pressure near the daily MA60 moving average, there is a chance to usher in an upside after a breakthrough.
BCH: It was pulled back to $270 for a short time last night, but it was successfully pulled back. It is currently maintaining a consolidation trend around $280, and continues to hold currency as the main currency. The market is expected to rebound after consolidation. Pay attention to the strong pressure of $300. After the breakthrough Only then will the room for growth be opened up.
EOS: The daily line level fluctuates around the MA60 moving average. If the volume is not large, the trend will continue, and the short-term support is 3.2 US dollars.
XRP: The hourly level has dropped slightly, and $0.3 is still the recent pressure range. According to news reports, Ripple once again released 1 billion XRP from the escrow wallet to the market. The continuous increase in circulation has suppressed the already weak market, and it is mainly wait-and-see in the short to medium term.
ETC: The daily line level maintains the trend of 4.5-5.2 US dollars in the range consolidation trend, the pressure is near the MA60 daily moving average, and the support of 4.6 US dollars will not be broken in a short time, and the main currency will continue to be held.
Platform currency: keeping pace with the broader market, the good news has promoted the support of the currency price, and the short-term is mainly to hold the currency. BNB fluctuated in a range, and the consolidation range was 19-21 US dollars; HT was stimulated by the good news of the public chain, and the currency price rose slightly in the short term, and the daily line level pressure was at 4 US dollars; OKB maintained a short-term consolidation trend in the 2.8-3.1 range, and the volume It is relatively weak to be able to rise, and it is hopeful to stand firm at 3 dollars; GT has a short-term rise slightly, breaking through the MA60 daily moving average, short-term support of 0.6 dollars, and upward pressure of 0.7 dollars.
Altcoins: Under the current consolidation trend of the market, the performance of altcoins does not have much characteristics, so we should pay attention to the recent hot spot: the market of domestic public chains. Although the domestic public chain currencies are generally in a daily consolidation trend, the volume is gradually shrinking, and there is no situation of heavy volume breaking, which means that there are still opportunities to increase, and we will continue to pay attention to it in the short term.
