Bitcoin's upside is weak, and mainstream currencies dare not act rashly
After the bitcoin price tested the support of the 8800 position many times within the day and broke down to no avail, the price rebounded slightly as the author said in Jixin Morning's article. However, after touching the upper 8899 position, it will fall back, which is also consistent with the entry point of the short order given by the author Yu Jixin in the morning. The intraday price shock pattern has not changed much, and the previous rebound has not broken through the key suppression above, so the follow-up is expected to maintain the current shock trend. In the context of the current bear dominance, if the bulls are still unable to make an effective breakthrough, then the author Yu Jixin believes that it is very possible for the price to open up space again. Once the 8800 position is broken, you can pay attention to the 8650-8500 below. Position support.
On the 4-hour chart, the price is currently maintaining a weak shock between the middle and lower rails of the Bollinger Bands. The trend of the Bollinger Bands maintains a downward trend, but the trend of the 5-day moving average is flattened. The downward movement of prices can slow down in the short term, and the price is stuck. . Looking at the attached indicators, MACD continues to run at a low level, and the current downward trend has eased, and RSI and Stoch are flat at low levels. On the hourly chart, the Bollinger Bands are closed tightly, and the price fluctuation space is further compressed. The 5-day moving average and the 10-day moving average are in a sideways arrangement at 8820. At present, the price continues to test the 8800 position downwards. Once the price continuously breaks down the 8800-8750 position, then the author Yu Jixin believes that the downward trend of the price will accelerate, and it will reach the intraday low of 8718 position again, and then break further and touch the 8650 position. is very possible. Therefore, in the evening market outlook, it is recommended to focus on short selling at high levels. When the price rebounds, enter the market at 8900, stop loss at 8950, take profit first at 8800-8750, and hold at 8650 if you break the position.
ETH went out of a wave of upward trend at noon in the day and fell back after hitting the 185.76 position. The price also failed to break through the current shock range. The author Yu Jixin believes that this has something to do with the stalemate of the big pie, and investors are also waiting for the trend of the big pie. In the current situation where the big pie is under pressure, it must not be easy for other second-tier mainstream currencies to give a larger increase. After all, as long as investors who have been in the currency circle for a period of time will understand, every time the big pie retraces All that is brought about is the crazy decline of mainstream currencies. Therefore, in terms of current operations, the author Yu Jixin still recommends short-term operations, fast in and fast out. In terms of operating ideas, it is still possible to maintain range operations in the short term, focusing on the suppression of the 187 position at the top, and the support at the 180 position at the bottom.
