Market Analysis: The market continues to fluctuate, and most mainstream currencies follow BTC to adjust
【News】
【News】
Bitcoin and other mainstream currencies basically maintained a sideways trading yesterday, and the ChaiNext mid-to-large-cap size index rose slightly better than the ChaiNext Large-Cap Mainstream Index, indicating that the average performance of secondary mainstream currencies was relatively strong yesterday. At present, the negative regulatory news has not landed, and the previous declines of various currencies were limited, which did not fully reflect the news expectations. At the same time, the rebound encountered resistance, and the trading volume and upward momentum were difficult to support a further rebound. If the regulation develops according to the expected route, the secondary mainstream "model" currencies and various altcoins will be hit. Although the mainstream currencies will also be under pressure in the short term, in the long run, it may be beneficial to the value of digital tokens. Bitcoin and Ethereum.
【Market review】
【Technical】
【Technical】
BTC market review: Judging from the overall market trend yesterday, the main short sellers are in an extremely weak state. The price basically fluctuates and consolidates in the small range of 8550~8450, and the Bollinger Bands close and shift, basically giving no clear direction trend.
Late forecast: If the price can rebound to above 183.5 in the later period, and it is not effective. If it breaks through the 185 area, investors can choose to enter the market with short orders, and the target is around 180. If 180 is strongly broken, look at the important support level of 175 in the later stage.
Late forecast: If the price can successfully bottom out around 8400, investors can choose to enter the market with multiple orders. Once 8400 is effectively broken through, the next target should be around 8250 to 8000.
ETH market review: Yesterday’s market basically rebounded and fluctuated upward after testing the previous support level, but the strength of the bulls was insufficient, and the main trend was mainly short. Therefore, this round of rise can only be regarded as a rebound to test the previous pressure level.
Today's analysis: today's opening, the previous trend has obvious signs of attracting more, and the main purpose is still to test the previous high pressure level, and then the price forms a head-and-shoulders top at 183, and then the price begins to fall. Several important points that need to be paid attention to today , 183.5, 182, 180, 179.5, investors can choose short-term operation ideas of selling high and buying low in this range.
Late forecast: If the price can rebound to above 183.5 in the later period, and it is not effective. If it breaks through the 185 area, investors can choose to enter the market with short orders, and the target is around 180. If 180 is strongly broken, look at the important support level of 175 in the later stage.
LTC market review: Yesterday’s early trend was in a state of obvious bottoming, and the price failed to effectively break through the 57.00 integer mark. Then the price made an effective counterattack at noon, testing the early pressure level of 59.00, but unfortunately the price did not finally stand above 59.00, so the pressure The position is still valid, and then the price fluctuates and consolidates.
Today’s analysis: Today’s opening price basically oscillated between the upper and middle rails of the Bollinger Bands. It went up and tested the previous high again. After the price failed to effectively break through the upper pressure level of the triangle arrangement, the price fell along the trend and effectively broke through the Bollinger Bands. The middle track, and then rebounded to below the middle track and continued to fall. Today, several important points to pay attention to are 58.5, 57.7, 57.3, and 57.0. Investors can choose the high-altitude main idea for short-term operations in this range.
Late forecast: If the price can effectively fall below the integer mark of 57.00 in the later period, then the next target support level should be around 56.00. If the main bear force is very strong, then the target level may still be around 55.00. Or if the price can rebound above 58.50 again, and cannot effectively break through the 59.00 line, investors can still choose the opportunity to enter the market with empty orders.
Late forecast: If the price can effectively fall below the integer mark of 57.00 in the later period, then the next target support level should be around 56.00. If the main bear force is very strong, then the target level may still be around 55.00. Or if the price can rebound above 58.50 again, and cannot effectively break through the 59.00 line, investors can still choose the opportunity to enter the market with empty orders.
