Bitcoin returns to low order, bulls are weak, bears are waiting for an opportunity
Today, BTC and mainstream currencies did not see much market movement. The current trend is oscillating around the 7300 line. Although there is a desire to rebound, the strong resistance of the 7400 line is insurmountable. Today’s trend will continue to fluctuate and test the strength of the support below. After the strength, it may break the existing trend range.
Yesterday's trend rebounded in time after reaching the lowest line of 7150. The long-lost short-sellers were successfully defended by the support below 7200. Then BTC was weakly consolidated. The four-hour trend was within the range of the middle and lower Bollinger bands. With the continuous narrow range of the trend Concussion, the support of 7100, the lower track of the Bollinger Bands, is still valid. If the bears want to open up the downside space again, and there is a further fall, they still need to form a breakthrough here. At present, the Bollinger Bands are running downward as a whole, and the trend will continue to be suppressed.
The long position in the hourly level can continue to weaken, and the moving averages are arranged in a short position. Today's rebound was blocked by the MA60 moving average at 7350. After continuous breakthroughs failed to stabilize, the current price continued to be suppressed and continued to fall. After falling below the lower line of the Bollinger Band at 7250, pay attention to the bottom Support 7100, the MACD in the attached indicator is about to have a dead fork, and it is still difficult to return to the top of the zero axis. Tonight's operation is recommended to focus on high-level empty orders, and the resistance should focus on the 7350-7400 line. You can place empty orders here. Support 7100. 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.
Operating suggestions: 7350 short, stop loss 7410, take profit 7150
ETH was blocked at the 10-day moving average of 150 today, and there was a continuous drop in the daily line level. After the rebound, there is currently a need for continuous consolidation. Just like the pancake, the final way out of the trend will be determined after the consolidation. Continue to pay attention to the resistance at 150. The short-term support is 145. After breaking through, focus on the 140 line. In terms of operation, Gao Wei is mainly empty orders. Enter around 150, control the position and set stop loss and profit, and leave the 145 line.
Operating suggestions: 149 empty orders, stop loss 151, take profit 145
