BTC repeatedly oscillates and washes the market, it's time to compete for patience
The People's Daily has recently published frequently, encouraging blockchain technology and development while maintaining rationality, "Blockchain technology innovation is not equal to hype of virtual currency, and the use of blockchain to hype air coins should be prevented. There is nothing wrong with developing the general direction of the blockchain, but it is necessary to avoid rush and repeated construction in order to open up the development space of the blockchain in orderly competition.”
The capital market is also quite restrained. After last week's hype, both the stock market and the cryptocurrency market have returned to rationality. On the one hand, it is the situation of high surveillance in policy, on the other hand, it is alsoBased on the status quo of blockchain technology and the industry in the early stages of development, it is not realistic to expect effective application results and economic benefits in a short period of time。
Specific to the cryptocurrency market, the overall situation is not much different from the previous few months. Except for the favorable domestic policy factors, there are no major international events, and the news and policy aspects are relatively dull. The only thing to look forward to is next year's halving market (BTC, BCH, BSV) and Ethereum 2.0 upgrade. therefore,Regardless of the short-term market trend, we will continue our previous fixed investment strategy and strive for success while maintaining stability。
That is to say
That is to sayThe chips around 8,800-9,000 US dollars or the locked-in market need repeated shocks to be digested. For retail investors in the market, most of their trading behavior is driven by emotions, especially the recent trend. The market makers are well aware of this, and if this range fluctuates repeatedly for too long, the confidence of retail investors will inevitably be shattered in the wear and tear, and they will throw away their bargaining chips in the entanglement. The recent panic and greed index turned neutral from last week's greed is just the beginning, which may trigger panic later.
Operation suggestion:
Operation suggestion:
BTC: hourly line level, the rebound trend is gradually weakening, the high point is getting lower and lower, and it is currently sorting out in the range of 9000-9200 US dollars.The downward movement of the range reflects that the market makers are deliberately suppressing the market, so as to kill the long momentum of the market. If a large amount of energy cannot be burst out in the short term to break up the situation, the adjustment trend will continue.
The daily line level is maintained above the MA60 daily moving average. As long as it does not fall below the support of this moving average, the market will be safe in the short to medium term. US dollars) / pressure (9500, 9800-10000 US dollars) breakthrough situation.
ETH: The 4-hour level maintains a consolidation trend, with 177-180 US dollars as the bottom support, and 185-190 US dollars as the pressure range. In the case that the trading volume can not be enlarged, the overall linkage with the BTC market moves, and the main currency is held.
LTC: The MA60 daily moving average at the daily line level is a strong pressure line for the past 4 months. It maintains a short-term consolidation trend in the range of 55-60 US dollars. After breaking through 60 US dollars, there is a chance to usher in a rising market.
BCH: Maintain a high and volatile trend for a short time, with $300 as the near-term pressure, and $270-280 as the bottom support range. If the support is not broken, the market will continue to be optimistic.
EOS: 3.2-3.4 US dollar range consolidation trend, the daily line level MA60 daily moving average constitutes short-term support, but the sustainability of the volume is weak, wait and see.
XRP: In the short term, it fluctuates in the range of 0.28-0.3 US dollars, and the atmosphere for finishing transactions is weak.
ETC: The daily line level maintains a volatile upward trend, and the daily line level MA60 daily moving average still poses strong pressure in the near future, and the shock trend will continue before breaking through.
Platform currency: The overall trend of consolidation at a high level continues, and short-term holdings are the main currency. BNB's daily line level maintains the rebound trend of Xiaoyang line, but the volume is weak, and it is in the range of 19-21 US dollars; HT encounters resistance at 4 US dollars, and the trend is arc-shaped. In the future, there will be no more good news and insufficient trading volume. , may face a trend of shrinking and falling; OKB has a strong recent trend. After standing firm at 3 US dollars, it is currently rebounding towards the 3.2-3.5 US dollar range. The only thing that needs to be paid attention to is the volume. persistent atrophy. GT rose and fell back in a short period of time, and the price of 0.6 US dollars is still not in the recent pressure range, and the market and trading volume can be inactive.
Altcoins: not doing much overall, we are stillFocus on domestic public chain currencies, Both the 4-hour level and the daily line level are in a consolidation trend, and there is no obvious downward trend, and there is still room and opportunity for improvement in the future.
