OKEx Investment Research: The recent market has been interpreting "sell high and buy low"
BTC/USDT Perpetual Contract
The nature of each level: daily line - consolidation, 4 hours - consolidation, 1 hour - consolidation
The screenshot is from the 2-hour chart of the OKEX BTC/USDT perpetual contract: For the market, there are two angles, one is the objective trend status and the coping strategies formulated according to the objective trend, and the other is the subjective prediction based on experience. Actual trading is mainly based on coping strategies under objective trends. Subjective forecasting is more of a prospect or entertainment for future development. It cannot be used directly as a trading strategy. The main purpose is to prepare psychologically for potential risks and opportunities in advance .
secondary title
BTC/USDT Perpetual Contract
The nature of each level: daily line - consolidation, 4 hours - consolidation, 1 hour - consolidation
The current objective trend and coping strategies: Another day has passed, and the market is still going smoothly, which is called stability. In the commentary last night, I specifically emphasized that if there is a phenomenon of breaking through 9300 in this trend state, do not rush to chase the rise, it is easy to be short-lived, and the reverse operation is mainly around the support resistance level. Judging from the actual trend, our reminder is quite timely. After the currency price slightly broke through 9300 at night, it formed a false breakthrough and fell back again.
resistance and support
The current currency price continues to adjust, but obviously the decline is limited, and there is no sustained increase in volume. At the same time, from the perspective of the auxiliary MACD indicator, there are frequent bottom deviations or bottom-like deviations at the level of 1 hour and smaller, indicating that the active selling power is not strong. From the above phenomena, it can be roughly inferred that although the short-term trend of the currency price is weak, the probability of a further sharp decline is small, and this narrow range of volatility will continue with a high probability.
Resistance: 9220--9330--9500
ETH/USDT Perpetual Contract
The nature of each level: daily line - consolidation, 4 hours - consolidation, 1 hour - consolidation
Support: 9100--9000--8500
secondary title
The nature of each level: daily line - consolidation, 4 hours - consolidation, 1 hour - consolidation
resistance and support
The screenshot is from the 1-hour chart of the OKEX ETH/USDT perpetual contract: the current objective trend and coping strategies: the trend of ETH is also basically in line with yesterday’s judgment. Although it continues to rebound in the short term, the sustainability is very poor. We said that 248 is very difficult to break, and the result was that the highest price fell back before reaching 246.
Resistance: 240--242--246
EOS/USDT Perpetual Contract
The nature of each level: daily line - down, 4 hours - consolidation, 1 hour - down
Support: 236--231--224
secondary title
The nature of each level: daily line - down, 4 hours - consolidation, 1 hour - down
resistance and support
The screenshot is from the 4-hour chart of OKEX EOS/USDT perpetual contract: the current objective trend and coping strategies: EOS finally returned to its true nature.
The current rebound of the currency price is an oversold rebound after a short-term sharp drop, and the probability of sustainability is very limited. It is recommended to pay attention to the resistance around 2.57. If there is no strong breakthrough of this price, then there is a possibility of a second dip , the lower support can focus on the 2.42 line.
Subjective expectations (for entertainment only): It is estimated that the currency price will hover around 2.57, then fluctuate and fall back to test the support around 2.42, stop falling and rebound, and it will be difficult to rise sharply in the short term. This paragraph is not intended as a trading strategy reference.
