Bitcoin breaks through $9,400, the volatile market continues, pay attention to key points
Bitcoin is still fluctuating in the box, ETH has a good market, but is still in the box, and has not effectively broken through. The total market value of DIFI has now jumped to 6 billion US dollars, which was only 2 billion US dollars when it was mentioned last time. This is also the most important factor that keeps ETH strong.
There are many doubts about whether decentralized finance can support the financial world? But this space for imagination is really huge. In this circle, as long as you have room to think, funds will flock in. It's very similar to "drumming and passing flowers", as long as someone takes over, anything can be fried.
On the other hand, Bitcoin is still oscillating within the box. The range of 200 US dollars has been played for more than ten days, and it may continue to oscillate in the box in the future, so everyone should be patient and play slowly.
There was a signal of land volume and market change again yesterday, and today there was a slight increase in volume and a pull-up. If it can reach $9,500, it will return to the rising wedge again, and it is still at the lower edge of the rising trend line. From the indicator point of view, the DIFF of MACD has run to near the 0 axis, and the trend has been weakening. The price also runs near the cloud map, and there may be a long-short competition at this position.
From the perspective of the moving average, it is still converging, with an obvious oscillating trend, and the direction is still unclear. At this time, it is meaningless for you to be bearish or bullish. Under the volatile market, it is still more appropriate to "sell high and buy low" between 9250-9550 US dollars, and wait patiently for a real breakthrough in the market.
From the perspective of the hourly line, the price has run to around $9,450, which is also the position where the "head" fell last time. If it can rush up this time, it is expected to test the pressure of $9,600 again. And the vicinity of 9350 below is the short-term support position. If you can pull back below this position, you can choose to intervene.
The trend of ETH basically achieved a small breakthrough and ran to 235 US dollars. It is a pity that it did not touch 215 US dollars during the decline. The 50% position of the Fibonacci retracement line is often an important support level. The members of the training camp received 220-230 US dollars in chips, and now they have encountered an important pressure level in the early stage to see if they can break through. If you can break through, you can challenge the previous high. If you can't, it will fall back again. The lower support level is basically in the range of 220-230.
From the perspective of the general trend, most coins have not achieved breakthroughs. Bitcoin and Ethereum have only broken through the "downward trend line", and have not achieved breakthroughs in important points and forms, nor have they broken through the moving average system, and are still in a state of shock. situation.
As I emphasized, the market is in a volatile market, and it doesn't make sense for you to be overly bullish or bearish. If you want to operate, you can operate according to the range shock, if you don’t want to operate, you can rest at ease, wait for the market to break through, and follow the trend of the market.
