The market pulls back to the end, and the later breaks the position and bravely sells short
Market analysis:
Market analysis:
From the perspective of the overall situation, Bitcoin is about to complete the final stage of adjustment. At present, the five waves have been completed, and if it falls below the lower support line in the later period, there will be a wave of short-term continuation. At present, the four-hour 60-day moving average has been suppressed , The market does not have much upward momentum. Since 6.28, the trading volume has been shrinking, but the market has been rushing up. Therefore, if the market can break through in the later stage, the decline will be very strong. In one hour, although it is currently on the upward channel, it is now near the end, and you only need to watch it later.
When the market breaks through 9160, take advantage of the trend to go short, take profit around 9000, and stop loss at 9250.
If the market breaks through 9300 and can’t be stepped on, take advantage of the trend to go long, take profit around 9400, and stop loss at 9230
Looking at BCH as a whole, it is also coming to an end, and the upward wedge shape will soon be completed. The overall position of 225 has formed a great pressure level. It has not stood firm for many days. Below the Bollinger Bands, the one-hour Bollinger Bands want to form downwards, and the moving average is also down and suppressing the market.
The market broke through 220 and decisively went short, with a stop loss of 22 and a stop profit of around 217.
The market breaks through 226.7 and cannot be stepped on, take advantage of the trend to go long, and stop loss at 224.30.
Overall, ETH is similar to Bitcoin. At present, the overall upward trend of the callback has been completed. It can be seen that the last wave of 5 waves has ended and started to fall, and there are multiple falling signals within an hour, and the trading volume is also matched. However, the overall trading volume is also in a state of decreasing, and the breakout in the later period also decisively enters the short. It is currently supported by the 60-day moving average in one hour, and the Bollinger Bands also have reversals.
If the market breaks at 227 and cannot pull back, go short decisively, stop loss at 228.5, and take profit around 225.
