The price of Bitcoin fluctuates downward, mainly in the short-term and high-altitude
【Market review】
Pancake rebounded by nearly 200 points at 9:00 a.m. yesterday. Afterwards, the fluctuation range of the trend narrowed and the volume was able to shrink, and the market became calm. It entered a downward trend at 9:00 p.m. until the lowest trend fell to 7158 at 2:00 a.m. today. Then it rebounded to 7200 area adjustment, and the current quotation is 7210 first-line.
【Market analysis】
BTC：【Market analysis】
Bitcoin is currently supported by the lower line of the Bollinger Band on the four-hour line at 7200. After yesterday’s wide fluctuations, the bears continued to make efforts to break the defense of the Bollinger Band’s lower track, which caused the Bollinger Band to expand downward and open up the downward space. The moving averages remained in short positions. The support of the Bollinger Band’s upper track was at the 7620 line, and it was up in 4 hours. After looking at the pin 7150, the trend is still dominated by shocks. MACD has also started to move flat below the zero axis, and the overall downward adjustment has weakened.
ETH：Operational suggestions: rebound near 7300-7350, short target 7150-7000, see 6850 stop loss at 7400; test 7000 support without breaking 7050-7100, see 7200-7400 stop loss at 7000; 7000 support break at 6800-6850 Nearby layout multi-single targets look at 7200-7400-7600 with a stop loss of 6700 above.
In 4 hours, the MA5-MA10 moving averages are arranged and running downwards, and the trend signal indicates that there is a downward trend. In the near future, the K-hour lines are running close to the lower track of the Bollinger Bands, opening downwards. From the attached indicators, the sticking trend of the KDJ moving averages has a bifurcation Signs, MACD volume can be injected into short positions and gradually accumulate volume energy, and the fast and slow lines are running close to the 0 axis. On the whole, the market is in shock in the short term.
Operational suggestions: high altitudes and low prices in the 147-143 range.
