OKEx Investment Research: Bitcoin is "excited" again after a week. How likely is it to break out of the consolidation?
BTC/USDT Perpetual Contract
The nature of each level: daily line - consolidation, 4 hours - consolidation, 1 hour - rise
The screenshot is from the 4-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 .
secondary title
BTC/USDT Perpetual Contract
The nature of each level: daily line - consolidation, 4 hours - consolidation, 1 hour - rise
The current objective trend and coping strategies: Just now (around 15:30) Bitcoin drove a small wave of rising prices for a few mainstream currencies such as ETH, and Bitcoin temporarily broke through the 9300 first-line resistance that we emphasized for more than ten days ( As shown in resistance 1), and the trading volume has increased, the expectation of breaking the deadlock has increased significantly.
resistance and support
In the exchange group this morning, we said that since July 16, the short-term trend structure has shown signs of gradually rising. This is a sign that the bulls in the short-term trend are relatively dominant. The mid-yang line (relative to the recent period) that has just been pulled up by heavy volume has further strengthened the advantage of the bulls. It is estimated that the probability of short-term weakening immediately is small, and the probability of continued rebound after a short-term correction is greater. However, there is still room for rebound. Expect too much.
Resistance: 9480--9600--9700
ETH/USDT Perpetual Contract
The nature of each level: daily line - consolidation, 4 hours - consolidation, 1 hour - rise
Support: 9170--9000--8800
secondary title
The nature of each level: daily line - consolidation, 4 hours - consolidation, 1 hour - rise
resistance and support
The screenshot is from the 2-hour chart of OKEX ETH/USDT perpetual contract: the current objective trend and coping strategies: as shown in the figure, the high point of the currency price yesterday happened to be the support of the previous trend line, and it turned into pressure after falling below Line, the important pressure we gave yesterday also referred to this line. Gaming when similar signals appear in the market has a much higher probability of success than making orders based on your feelings.
Resistance: 242--245--250
EOS/USDT Perpetual Contract
The nature of each level: daily line - falling, 4 hours - consolidation, 1 hour - rising
Support: 240--237--234
secondary title
EOS/USDT Perpetual Contract
Judging from the current trend, the probability of the continuation of the short-term rebound structure is relatively high, but the MACD indicator has begun to show signs of top divergence, coupled with the obvious increase in trading volume after the increase is limited, indicating that there are more selling pressure from above. From this point of view, it is not recommended to have too high expectations for the continuation of the subsequent rebound. It is necessary to pay attention to the resistance in the 2.64-2.70 area. Note that what you see now are all short-term opportunities, so don't "add drama" too much.
resistance and support
Resistance: 2.64--2.70--2.80
For the support below, focus on the 2.56 line. If it falls below, there is a high probability that it will weaken in advance.
Subjective expectations (for entertainment only): It is estimated that the short-term top will be formed after approaching 2.64 or a small breakout to start adjustments. Whether a larger correction can be launched depends on whether 2.56 breaks, which can easily lead to major adjustments. This paragraph is not intended as a trading strategy reference.
