BTC market analysis, keep the range high, sell low and buy low

特邀专栏作者

2020-04-28 17:08 (UTC+8)

This article is about 720 words, reading the full article takes about 2 minutes

Bitcoin has been operating in a narrow range in recent days, and it is difficult to break out of the range and get out of the unilateral market. This is inseparable from the decline in trading volume. The coldness of the market has led to the reduction o

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【Market review】

【Market review】

【Market analysis】

【Market analysis】

BTC：Hourly analysis, BTC previously broke through the upper track of BOLL, and then fell back under pressure when it touched 7778, and the current price returned to the middle track of the BOLL band. The BOLL belt is currently in a parallel posture and has not been pulled apart by the previous upward movement. On the whole, the price of BTC is expected to remain in a range-bound trend in the short term. The price has been under pressure around 7790-7800 for many times, and it is expected that there will be a callback to verify the demand for support below. If the support holds, the price will rise again and try to break the 7800 resistance level.

Operating suggestions: short near 7790, stop profit at 7680 and stop loss at 7920; long near 7650, stop profit at 7740 and stop loss at 7500.

ETH：Looking at the 4-hour level, the K-line touched the middle rail of the Bollinger Band several times last night, trying to break through downwards, but there has been no physical breakthrough. The MACD fast and slow lines formed a dead fork and began to close, and the green column can slow down. The KDJ closed and the three lines bonded and moved downwards, the daily K-line closed and moved down, and the technical indicators are more of a bearish signal. In combination, the market has begun to go in a bearish trend, and it will fluctuate for a while in the short term.

Suggested operation: short around 195, take profit at 191 and stop loss at 197; go long around 191, take profit at 196 and stop loss at 188.

BCH：On the 4-hour chart, the Bollinger Bands are basically flat, and the price is currently maintaining a vibrating operation within the Bollinger Bands channel. After the current price falls below the middle rail position, it will further go down to test the lower rail support. In the short term, the price trend of BCH will continue to fluctuate in the current range.

Operating suggestions: go long around 236, take profit at 243 and stop loss at 232; short around 245, take profit at 238 and stop loss at 249.