Bitcoin's long and short bursts, follow suit or wait and see?
【Market review】
The market of Bitcoin has reappeared. It first fell from 7300 in heavy volume yesterday, and fell below the MA60 moving average support. Organize the trend in the 7100-7300 interval. Judging from the trend, it is obvious that market makers are manipulating the market in a short period of time. The reason why the up and down swings are so large reflects the deviation of market transaction depth and the lack of liquidity of currencies. The overall wait-and-see sentiment in the market has not fundamentally improved.
【Market analysis】
BTC：【Market analysis】In the four-hour level chart, the Bollinger Bands opened, and the market gradually returned to its inner operation from outside the area of the Bollinger Bands, and is now at 7193; the moving averages are running smoothly, and the currency price has already fallen below the five-day moving average, and is now at 7182; At this time, it is still running in a downward tentative posture, and the downward trend is still continuing. In the attached picture, the MACD fast-slow line is running near the zero axis, and there is a trend of dead cross; both RSI and Stoch are slowing down; the author thinks that from a comprehensive perspective, the short-term market trend has a downward test of the lower support point of 7000; if successful , it will continue to look for support downwards; otherwise, there will be a bottoming out volume energy, which will push the currency price to fluctuate around 7200 again.
ETH：Suggestions for operation: it can be high-altitude, the best time to enter the market is between 7300-7200, and the profit stop point is around 7050, and the stop loss point is 7310.Operational suggestions: mainly empty orders, short positions around 146, take profit and stop loss at three points each.
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!
