BTC has successfully reduced production, the slow bull trend is about to start, be wary of deep washing
【Currency Market Overview】
Woke up in the morning and screened the mining circles, currency stock circles and leek circles for everyone. They all broadcast the BTC production reduction all night. Beer fried chicken, cola mineral water, and a bunch of girls sat on their knees and talked at night with candles. The grand occasion was unprecedented. I really don’t know how many people know about BTC. It seems that every four years, in addition to the Olympics and the World Cup, BTC will be halved~ I must have gone to the Internet cafe to spend the night~
Looking back at the market, the market tried to break through before and after the halving last night, and hit the pressure around 9050, but the breakthrough was not suppressed. At the time of halving, the price touched the lower support around 8300 and quickly pulled back but did not close at a high level. , the overall market still maintains a shocking consolidation trend under the background of a short position. In the short term, this sorting trend has a relatively high probability of a downward correction, but in the long run, BTC will still be a slow bullish trend!
Looking back at the historical bull market, it can be clearly seen that basically the historical highs came out between one and one and a half years after the halving, and it is not a bull that does not turn back, but a constant process of washing and cleaning up chips. The rise is accompanied by the despair of retail investors and miners. The so-called end of despair is the beginning of hope.
【BTC overview】
【BTC overview】
As mentioned above, the halving story brings only an increase in volatility. The market trend is relatively clear as shown in the above figure. As long as it does not fall below the upward trend line, the bulls still have some hope, but considering that BTC has no good stories to tell , the pressure at 10500 is also very heavy, and the bulls have signs of shipment. In general, I think this trend line will be broken downward in the next few days. After the break, the trend of opening short positions will be confirmed, and the callback will be deeper. At present, if you want to buy the bottom, you can consider intervening, just put the stop loss at 8100 (Bitget price), and leave the market if it falls below.
【Daily level】
The expected rebound occurred yesterday, and the upside range was not large. Today, we will continue to watch the convergence and shocks, and we can sell high and buy low. As long as it does not break 8100, we can maintain this idea to operate.
[hour level]
To sell high and buy low, you can use the hour/lower level, such as 30 minutes, to go short along the upper track of the Bollinger Band, and to go long on the lower track. Open an order with a stop loss. Once the market breaks up/down, the stop loss will be reversed. Order, take advantage of the trend to open a position, just grab a band, key support: 8340, 8100, key pressure: 8850, 9100
【Other species】
The analysis and suggestions are mainly based on the intraday hourly chart, and the large-scale trend can refer to BTC. If you have specific needs, just chat with me privately
【ETH】
Basically maintain yesterday’s judgment. After the downtrend, the shock and convergence trend has formed. The key pressure is 196.8. If the rebound is in place, it will be empty. In the short term, you can sell high and buy low to make a profit between 191.6-181.5. The key support: 180, 176, key pressure: 192, 196.8
【EOS】
The trend of EOS and ETH is very similar, the bottom is in a volatile range, and there is no sign of an upside at present. In terms of operations, the spot should leave the market, mainly short around 2.48, and backhand open long if it does not break around 2.37. If it does not break, continue to backhand short and repeatedly sell high and buy low to make a profit. Follow up to see a new low. The key support is 2.27, and the key pressure: 2.5, 2.6
【BCH】
BCH is a relatively clear variety at the top, and it is unreasonable to pull the market. Now, from the perspective of shocks, sell high and buy low between 238-220. If you are aggressive, you can choose the middle track of BOLL as the entry point for aggressive orders.
【BSV】
The trends of other varieties refer to BTC, which are similar, but I will repeat them in detail. If you have special needs, please let me know in the group, and join in the analysis the next day!
The trends of other varieties refer to BTC, which are similar, but I will repeat them in detail. If you have special needs, please let me know in the group, and join in the analysis the next day!
