It is difficult for BTC to go down deeply, and the bulls fight back against the danger to endorse the battle
Last night, the BTC trend continued to test downwards. Near midnight, the trend quickly broke through the low point and fell to the 8580 position, and then entered a rebound trend in the early morning of this morning. Driven by the bulls, the price broke through to the 8820 position. It is currently adjusted around 8800, still Maintain an upward posture, the short-term market sentiment is good, and there is still a chance for a second upward attack, but the trend has been blocked and suppressed at 8800 in the middle of the four-hour Bollinger Band, and no further offensive has been launched, but it is still in an upward trend. The price is also effectively maintained above MA5, so we can continue to look at the upside situation in the follow-up. If it effectively stabilizes above 8800 before noon, then the upside posture is expected to continue further.
Judging from the daily trend, the market situation is developing on the positive side. Driven by the 30-day moving average support of 8700, the price once again formed an upward trend, breaking through above the 5-day moving average, forming an upward attack posture. The 5-day moving average and 60 The daily moving average intersects and sticks around 8750, and the support below continues to increase. Today is expected to form a rebound trend, while the opening of the Bollinger Bands shrinks, and the operating range will continue to narrow. In the rebound process, we still need to pay attention to the resistance of the previous high point. The attached indicator STOCH It has crossed the 20 horizontal line upwards, and there is a continuing upward trend. The RSI indicator is moving towards the 50 horizontal line, and the MACD indicator is gradually flattening above the 0 axis. The subsequent trend is likely to enter a volatile upward trend. The recent pressure continues to release. Subsequent breakthroughs still need to pay attention to the pressure situation that may be encountered at any time. The market has repeatedly fluctuated greatly, and the situation has not yet moved. Short-term adjustments will continue. The operation is recommended to follow the long at low positions, supplemented by the short at high positions. At present, focus on 8700 The low point support area of -8600, and the high point resistance position of 8900-9000 is concerned at the top. After breaking through this resistance area, you can take advantage of the trend to see the previous high point. Currently, it is recommended to follow up around 8750-8700 and look at the 8900-9000 area. .
ETH stopped falling on the middle track of the Bollinger Bands, and then, driven by the key support below, it once again formed a good rebound offensive. The price further broke through the 5-day moving average and the 10-day moving average. The upward trend is expected to continue upwards, while the Bollinger Bands The opening shrinks, the range shrinks, and the upside space is also compressed. Then the follow-up is likely to face strong resistance and suppression. Whether it can break through will also determine whether it can follow the trend to form an upward trend. The attached indicator STOCH forms a golden cross near the 50 level. The MACD indicator has flattened, and the overall situation will enter a volatile upward trend. In the follow-up, we can see the breakthrough of the upper resistance 190. Once an effective breakthrough is formed, the follow-up trend is likely to continue upwards and enter the rising market. At present, we recommend more Focus on singles, pay attention to the support of 185.5-186.5 below, and colleagues focus on the resistance suppression of 192-190.
Compared with BTC and ETH, it is still possible to be strong. The trend of XRP is still in the stage of weak adjustment. The price is adjusted at the lower track of the Bollinger Band, and it is constantly testing the support of the lower low point. The rebound is weak, and the downward trend is formed. If today If it cannot stop falling above 0.27, the trend will continue to extend downward. The daily MACD indicator breaks the 0 axis and continues to move downward. There is a further downward extension trend. The STOCH double line intersects below the 20 horizontal line Bonding, the heavy volume of short positions has been greatly weakened, and the ability to stabilize in key areas is also an effective opportunity to form a rebound. The subsequent trend is in a downward trend of shocks. The situation is still developing downward, but the volume of long positions can gradually weaken. Follow-up It will also give the bulls an opportunity to counterattack. In the near future, pay attention to the first-line support of 0.27. You can deploy in an appropriate amount and wait until the situation reverses.
