OKEx Investment Research: How does the stock market plunge affect the currency market?
BTC/USDT Perpetual Contract
The nature of each level: daily line - consolidation, 4 hours - consolidation, 1 hour - consolidation (bearish pattern)
The screenshot is from the 1-hour chart of the OKEX BTC/USDT perpetual contract: For the market, there are two perspectives, 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 .
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BTC/USDT Perpetual Contract
The nature of each level: daily line - consolidation, 4 hours - consolidation, 1 hour - consolidation (bearish pattern)
The current objective trend and coping strategies: Today’s market has shown signs of relative changes since the afternoon. The fluctuations of mainstream currencies such as ETH and EOS have been significantly enlarged. BTC has not yet left the narrow range of 9100-9300. It is estimated that many friends will associate today's drop with A-shares. Indeed, today's stock market has fallen a little bit. Once the "mad bull" situation is changed, it seems that there are bears. After all, the capital markets are all interconnected, small fluctuations have little effect, but severe shocks will still have a certain impact on emotions, but no matter how large the impact of the external market is, it will be staged, and each market has its own operating logic. , so we still focus more on the trend of the currency market itself.
resistance and support
Resistance: 9200--9300--9580
Support: 9000--8850--8500
ETH/USDT Perpetual Contract
The nature of each level: daily line - consolidation, 4 hours - consolidation, 1 hour - down
Support: 9000--8850--8500
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The nature of each level: daily line - consolidation, 4 hours - consolidation, 1 hour - down
resistance and support
The screenshot is from the 2-hour chart of OKEX ETH/USDT perpetual contract: the current objective trend and coping strategies: the trend of ETH is still in line with our expectations in last night’s review. After the currency price fell below the short-term trend line, it quickly hit the 231 first-line support, and then Slight rebound.
Resistance: 234--238--242
EOS/USDT Perpetual Contract
The nature of each level: daily line - down, 4 hours - consolidation, 1 hour - down
Support: 231--224--217
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The nature of each level: daily line - down, 4 hours - consolidation, 1 hour - down
resistance and support
The screenshot is from the OKEX EOS/USDT perpetual contract 2-hour chart: the current objective trend and coping strategies: the trend of EOS is also in line with yesterday’s prediction. After being blocked at 2.57, the currency price finally fell to 2.42 and rebounded. At present, it depends on the strength of the rebound Also limited.
At present, the support at the 2.42 first-line support level is limited, and the probability of extending a strong rebound is small. You can pay attention to the 2.49 first-line resistance. Because the frequency of EOS diving is relatively high, it is recommended to pay attention to the 2.3 line for the support below. If it touches this price area and shows signs of stopping the decline, the probability of success in going long is higher.
Subjective expectations (for entertainment only): yesterday's expectations came true. It is estimated that it will fluctuate within a narrow range around 2.42 next. After the shock is over, it is expected to test the 2.3-2.35 area. This area has a high probability of ushering in a rebound. This paragraph is not intended as a trading strategy reference.
