Faced with suppression again at night, can the bulls hold on to their existing achievements
After the strong pull-up last night, BTC has stabilized at 7400 in the short term, which was an important resistance position in the previous stage. Although this round of upward movement reached the top of 7650 and was suppressed, the resistance at this stage is not here, which means There is still a chance to go up again in the follow-up. The next trend is likely to continue to fluctuate in a wide range between 7300-7500, and wait for an opportunity to test the short suppression of the 8000 mark after stabilizing the 7500 line.
After the last fall to test the support below 7000, the chips in the hands of many friends have been cleared, and they dare not enter the market blindly. Strictly set stop-loss and take-profit positions, and in the process of sorting out on the hourly chart, the bulls support came above the middle track of the Bollinger Bands, and continued to defend against the trend that is about to fall back. If it falls below this point again, it will directly return to the previous 7000-7400 shock The range even threatens the 7000 mark again, so while accumulating shocking income, we also need to pay attention to whether the trend can stabilize at 7500 again. Stabilizing 7500 is a necessary condition for short-term testing around 8000, but it is not optimistic if it falls below 7400 again. After all, the long-term The general trend of falling levels has not changed.
The Bollinger Bands on the daily chart are still extending downward, and the MACD fast-slow line of the attached indicator has come below the zero axis and there is a chance of forming a golden cross. This is one of the reasons why Jiayong judges that the trend has a chance to return to the 8000 mark. The ten-day moving average is 7400 I am working hard to switch to the role of support below to prevent the trend from returning to the downward channel, and the volume can further rise. The trend on the hourly chart continues to fluctuate. The bullish volume can temporarily oscillate and store up energy to wait for the next outbreak. The upper track of the Bollinger Band is also at $7650 The position forms a short-term short-term suppression, and the lower track of the Bollinger Bands has closed upwards. With the current strong support around 7400 at the bottom, it can be judged that the trend will continue to show an upward consolidation pattern. If there is a chance to go to the 7450 line again in the next shock, It is recommended to follow up with more orders to around 7600. Control positions and set stop loss and take profit.
The recovery of ETH is hindered by the 10-day moving average of 155. The current trend has stabilized at the 5-day moving average of 148. Today's short-term level bulls are not as strong as BTC, and it is likely to test resistance again and fall back. Leave the market in time after making a profit, pay attention to the 155 line for follow-up points for empty orders, 157 for stop loss, and 150 for profit stop points. Whether it is the accumulation of income in the shock, or the expansion of income in the long-short period, Jiayong will bring you the most comprehensive analysis and suggestions to help you achieve ideal results in the end. If you want to get my instant guidance and advice on more mainstream currencies Friends of friends can pay attention to the official account/Jiayong Kanbi circle.
