The Bitcoin shock range has not broken through, we need to look at those points
【Today's Information】:
Zhang Wei of the Ministry of Commerce: Cultivate a new industrial chain of the digital economy and give full play to global leading advantages in blockchain and other fields
【Today's Information】:
According to the Economic Daily News, Zhang Wei, vice president and researcher of the International Trade and Economic Cooperation Research Institute of the Ministry of Commerce, published an article in the Economic Daily saying that facing the future, we should adhere to the bottom line thinking and take effective measures to continuously consolidate and enhance my country's advantages in the global supply chain. status.
【Market Review】:
Give full play to the competitive advantages of the digital economy and cultivate innovation in the supply chain. It is necessary to cultivate a new industrial chain of the digital economy, give full play to the global leading advantages in cutting-edge technologies such as 5G, artificial intelligence, and blockchain, further accelerate the commercial application of a new generation of information technology, cultivate new industries, new models, and new clusters of the digital economy, and form an industry New competitive advantage.
【Market Review】:
After the deep V rebound of Bitcoin, it fell into shock again. The 9400-9600 US dollars is the central range of the fall from 10,000 US dollars in June. If the volume can break through 9,600 US dollars within a day, it means that the bulls will once again take the lead, and the market will return to 10,000 US dollars. The area is just around the corner. But in the central area, it faces certain uncertainties, and is in a state of wrestling between long and short positions. The currency price can go up or down, and the direction is not clear.
Bitcoin was blocked at 9500 in the morning yesterday, but after a wave of corrections, the price went up further, reaching a high of 9584, and the market entered a volatile rhythm. Although there was a new high in the evening, it was still blocked near the 9600 position. After several failures to hit the high point, the price near the closing line once again pulled back to the 9400 position. At present, the price rebounds slightly near the 9520 position.
【Market Analysis】:
At the 4-hour level, BTC is facing the suppression of the MA60 and 90 moving averages, and the MACD at the daily line level is dead crossed and continues to hover around the 0 axis. It is more practical to treat the market as a wide range of consolidation rather than a bullish rebound. The operation is still mainly cautious, buy low and sell high with small positions at range pressure and support, and wait for the general direction of this week to come. The upper resistance focuses on 9600, and the lower support focuses on 9400.
