The downward trend of BTC’s weak adjustment has not yet ended, and the differentiation of mainstream currencies is facing a change
Fundamentals
Yesterday, BTC broke through to the 8500 area, triggering a rebound but failed to form an effective rebound trend. In the evening, the trend continued to fall to the 8400 position, and the decline further spread. Today's trend is sorted around the 8400-8500 range, and the trend is weak Adjusted posture, there is still a downward trend.
technical side
technical side
On the BTC daily chart, BTC closed negative K yesterday, the trend broke the support of the lower lows one after another, and the downward trend of shocks continued. The current trend seems to be stabilizing at the low level, but the situation is still in a short position before an effective rebound is formed. In the market, the moving averages are arranged in a short position. The 5-day moving average runs down to 8600 to form resistance. The opening of the Bollinger Bands opens downwards, and there is a tendency to continue to rise downwards. The attached MACD indicator continues downwards and has fallen below the 0 axis. The STOCH indicator intersects and sticks below the 20-level line, and the RSI remains parallel below the 50-level line. The follow-up is still a volatile downward trend. The market has been in the oversold area, and the trend has not been too deep during the decline. Yesterday, short positions have been repeated many times Heavy volume, then the follow-up heavy volume posture will be weakened. Although the situation is in the rhythm of shocks and downwards, it will also be a consolidation trend in the short term. Therefore, Chen Chuchu recommends high-altitude low-buy, and follow-up long orders at 8400-8300. -8700 Follow up empty orders, strictly take profit and stop loss, and grasp a safe profit rhythm.
ETH dropped to the lower track of the Bollinger Band yesterday, and then rebounded at 177, the lower track of the Bollinger Band. This is also an effective low point support in the previous period. Today, the trend has rebounded after stepping back on the 177 position, but the breakthrough momentum is not enough. Strong, the trend is sorting around 180, the moving averages are arranged in a short position, and there is a trend of continuing downward extension, with heavy resistance above, the MACD indicator in the attached picture is running downward, the STOCH indicator is running at the 20 level, and the RSI indicator is flattening near the 50 level The overall trend is in a volatile downward trend, and the lower support has formed a rebound trend one after another. The bottom support is expected to be formed in the future, and the short position will weaken. The operation is recommended to be high and low. Follow up empty orders.
XRP has already mentioned the stage of weak adjustment in the early stage. After the price falls below 0.27, it needs to find the bottom support again, so the trend will continue to go down and test the low point. The opening of the Bollinger Bands is down, and the trend is still downward. Strongly, it is recommended to arrange in advance, and the operation suggests that the rebound should be followed by short positions, 0.27-0.28 should be followed by short positions, and 0.24-0.25 should be followed by long orders.
LTC has fallen for many days, and the trend has formed a 5-year negative decline. The price stopped falling at the lower track of the Bollinger Band. Today, it seized the opportunity to rebound and tried to go up. However, the upper part is already full of resistance, and the trend is still affected by the previous pressure. Need to adjust, the situation is not yet stable, the operation is recommended to be high and low, pay attention to the top 60, and the bottom 56.
After the early rebound of BCH was terminated, the trend entered a continuous downward trend, and the price further fell to the 260 position. Recently, the author also reminded that the price will only go down. The breakout market has already appeared, and the trend needs to be bottomed out again , the current trend has stopped falling at the lower track of the Bollinger Bands. It is not yet determined whether it is a bottom low or a consolidation period after a sharp drop. In the short term, the trend will form a trend of shocks. Follow-up recommendations are high and low. Pay attention to the top 280- 275, 260-250 below.
