BTC fluctuated higher and then fell in the early morning of this morning, and most mainstream currencies followed suit
If there's any secret to success, it's to see things from the other side's point of view as well as your own.
——"The Weakness of Human Nature"
【Hot info】
1. According to Xinhuanet, blockchain technology is becoming an important technological force in promoting social credit governance in Zhejiang.
2. This Friday, Bitcoin’s sell-off intensified further, sending it to its lowest point since May this year. Bitcoin has already fallen below another key support level.
3. Alibaba Pictures, the film production company under the Alibaba Group, plans to tokenize the distribution rights of its new film "Striding into the Wind." The company has signed a deal with New York-based decentralized entertainment platform Breaker (formerly SingularDTV) to distribute the film overseas using its blockchain platform.
Late forecast: If the price can fall below the 7000 integer mark in the later period, then the next support level should be 6800, 6600. On the contrary, if the price can stand firmly above 7300, aggressive investors can choose to enter the market with multiple orders, and the target is 7600, the main pressure level in the early stage.
【Technical】
BTC Market Review: After testing the 7400 round mark again yesterday, the price of the pancake rebounded strongly and pulled up again. It tested the high pressure level before 7700 again, and then quickly fell below the middle track of the Bollinger Bands. The Bollinger Bands opened, and the price effectively fell Breaking through the 7400 integer mark, and then ushered in a waterfall decline, the lowest price tested the 6800 support level, and then began to rebound to recover momentum.
Today's analysis: today's opening price has stood above 7100, the head-shoulders bottom has successfully formed a bottom, the price counterattacked upwards, and there is a test of pressure before 7400. From the analysis of the current trend pattern, there is a high probability that it will fluctuate and consolidate today. A few things to pay attention to Important points: 7350, 7250, 7150, 7050. Aggressive investors can choose to sell high and buy low to enter the market in this range, and steady investors wait to see if the price can rebound to the previous pressure level of 7400. If they cannot break through effectively, investors can choose to enter the market with empty orders.
Late forecast: If the price can fall below the 7000 integer mark in the later period, then the next support level should be 6800, 6600. On the contrary, if the price can stand firmly above 7300, aggressive investors can choose to enter the market with multiple orders, and the target is 7600, the main pressure level in the early stage.
ETH market review: Affected by the falling market of the big pie, Ethereum also gave a wave of waterfall prices during the afternoon session yesterday. The price strongly broke through the 155-line support level, paused at the 147-line, and finally hit the 138-line. The 138 line formed the bottom support, and the price began to rebound.
Today's analysis: Today's opening trend in early trading continued yesterday's late rebound. After touching the middle rail of the Bollinger Band for the first time, the price fluctuated downward, stepping back on the 2.58 support level, and then continued to consolidate and fluctuate. The current price is at the end of the triangle consolidation range. If there are no other factors, only from a technical analysis, the price should have a strong rebound in the later period. Several important points to pay attention to today: 2.71, 2.65, 2.63, 2.60, 2.52. Aggressive investors can In this price range, choose high selling and low suction market operation.
Late forecast: If the price can break through the 155-line in the later period, the target can be seen around 160. If the bearish trend counterattacks again, the 141-line support level is effectively broken through, then aggressive investors can choose to enter the market with short orders.
EOS market review: The market trend of EOS is also driven by the big pie, and the price has hit a new low since September 26. From this, it can be inferred that the trend of the big pie can be used as a reference for the later trend of all mainstream currencies. The starting time of the upward market is the same.
Today's analysis: Today's opening trend in early trading continued yesterday's late rebound. After touching the middle rail of the Bollinger Band for the first time, the price fluctuated downward, stepping back on the 2.58 support level, and then continued to consolidate and fluctuate. The current price is at the end of the triangle consolidation range. If there are no other factors, only from a technical analysis, the price should have a strong rebound in the later period. Several important points to pay attention to today: 2.71, 2.65, 2.63, 2.60, 2.52. Aggressive investors can In this price range, choose high selling and low suction market operation.
Late forecast: If the price can stand firmly above the 2.66 line in the later period, aggressive investors can choose to enter the market with multiple orders, and the target position will be around 2.76 first. Steady investors can wait for the price to form a clear top sign below 2.76, and they can choose Enter the market with an empty order.
Conclusion: The above analysis is for reference only. Investment is risky, and you need to be cautious when entering the market. Real-time understanding of the market trend dynamics Participate in interactions and pay attention to the Tindaobi team, and you can contact us, join the exchange group, and get real-time opinions in a timely manner. Thank you for your support for Tindaobi and careful reading of the article. I wish you all a happy weekend!
