BTC's short-term volatile trend, how will the future market develop?
Investing is like riding a roller coaster. There are peaks and troughs. No matter whether it is good or bad at the moment, it is temporary. This means the importance of the market. Only by fearing the market and following the trend can you gain something in the capital market. In a word: the direction must be more important than hard work, even the best sailors on the sea, when the direction is wrong, the wind blowing from any direction will be against the wind.
【Market review】
【Market review】
【Market analysis】
BTC：The trend of BTC has been in a downward trend yesterday. After the market fell below the MA30 at noon, it began to dive and directly fell below the 7000 mark to the 6850 line. After that, there has been no decent rebound. It has fallen all the way to the 6750 support line. Converged.
【Market analysis】
ETH：Judging from the four-hour chart, since the Bollinger Bands are open and the long and short sides are stalemate, the trend is running smoothly. The market is now back within the track of the Bollinger Bands, and the lower track of the Bollinger Bands below forms a first-line support. The current price is constantly trying to stabilize the five-day moving average. Once it can be stabilized in the future, the resistance above 7000 will be the key to the upward trend of the price. In the attached indicators, the two lines of MACD are parallel and downward, and RSI and STOCH are running smoothly. It can be seen that the short-term trend is a volatile posture, and it is recommended to go high and low.
In terms of operation, it is recommended to enter the market with multiple orders around 6700-6750, take profit at 6900-6950, and stop loss at 6650; enter the market with empty orders around 6950-7000, take profit at 6750-6700, stop loss at 7050, and break below 6700 strongly, continue to look at 100 -200 points of profit, you can grasp it by yourself.
The previous price has been subject to the suppression of multiple weekly trend lines. At the same time, it is also suppressed by multiple resistances of the 4-hour long-term downward line that fell back at the peak at the beginning of the year. A bearish double-top pattern was formed in 4 hours, and the price fell below the 5-day moving average. It has now fallen to around the 40-day moving average. However, the support here is not strong, and there is room for further downward movement in the future.
