Bitcoin's volatile market may break through, confirming a downward signal

【Market review】

【Market review】

When the price of Bitcoin rose to 7400 yesterday, the upper resistance was extremely strong, and the trend was further frustrated. Affected by the pressure, the price began to pull back, but relied on the support below and launched an attack on the resistance above at night. Unfortunately, although the bulls have the will to go up, they still lack energy. Near 7100.

BTC：

【Analysis of today's market】

Looking at it in four hours, the currency price is now hovering around 7285, the lower track of the Bollinger Bands. The support of the lower track of the Bollinger Bands is around 7060, and the support of the middle track is at the 7432 line. The 5-day moving average and the 10-day moving average overlap several times at night. Keep moving forward horizontally, and the crossing of the 5-day moving average and the 10-day moving average is also moving up and down, indicating that the shock trend is still changing. Looking at maca, it is still at 0. The kinetic energy of the green column is gradually shortening, and the two lines of macd Maintaining the status quo of the cross level, RIS is hovering within the 30-70 day average line, and there is no substantial breakout situation. The opening of the Bollinger Bands has expanded downward, and the daily line closes at one and the Doji 5-day moving average crosses below the 10-day moving average to form a dead cross , The two lines above the 40 level of STOCHE are about to fit together, and there are signs of a dead cross, indicating that the strength of the bulls is relatively small. The intraday trend of Bitcoin price is expected to continue to fluctuate, and there is a possibility of breaking down.

ETH：

Suggestions for operation: The trend is still volatile within the day, mainly at high altitudes, 7200-7250 can place empty orders, and the target is 7100-7050.

Ethereum has recently retreated with the volatility of the broader market. The short-term trend is weak, and the daily line continues to close negatively, which means a second dip. At present, the retracement adjustment of the market has not yet ended, and there is still the possibility of continuing to explore. At the lower support level, pay attention to the vicinity of 143 first, and if it falls below this support, pay attention to the 140 mark. At the upper resistance level, continue to pay attention to the vicinity of 156.

BCH：

Operational suggestions: maintain the strategy of buying on dips, and enter long orders around 145.

Operational suggestion: There is currently no stable support below, so wait and see for the time being.

The opinions stated in this article are for reference only and do not constitute a basis for trading. The market is risky, and transactions need to be cautious!