OKEx Investment Research: The rally has entered a rest period, and the key position is not broken to continue to be bullish

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BTC/USDT Perpetual Contract 

The nature of each level: daily line - rising, 4 hours - consolidation, 1 hour - rising

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 .

The current objective trend and coping strategies: yesterday, the currency price showed obvious stagflation after a slight surge to the 11300 line.

As shown in the figure, the trading volume corresponding to yesterday's slight rise in the market did not show obvious signs of enlargement. On the contrary, it shrank significantly compared with the previous period. Funding has not been heavily involved. This kind of trend is easy to understand. On the one hand, the currency price has indeed touched the previous high point resistance zone. On the other hand, the price must have accumulated a large amount of profit after a period of sharp rise. If the main funds have been actively pulling up, Then those retail funds that follow the trend will not leave the market easily, which is very unfavorable for the main funds to ship after the pumping is completed. Because the main ship is hard to turn around, and the retail investors' funds are as light as a swallow, once the main force wants to ship, the price will inevitably drop significantly. Therefore, the smart main force must carry out continuous washing and washing in the process of price increase, so as to wash away those unsteady holders and increase the average holding cost of retail investors.

Well, after talking about these seemingly illusory things, let's look at the specific market. Although the short-term adjustment of the currency price has not yet ended, we can also find that the trading volume has not increased during the price drop, which means that the main funds have not shown any obvious selling behavior, so it is foreseeable that the currency price will hardly appear in the short term fell sharply. It is recommended to focus on the first-line support of 10670 next, and regard this position as the short-term strength and weakness dividing line of the market. Before the currency price clearly falls below this price, it will be treated according to the bullish trend. The operation mainly adopts the strategy of buying every callback.

This kind of turbulent market washing is not easy to end in the short term, so don't expect the currency price to usher in a sharp upward trend like the previous few days soon. The short-term trend has a high probability of consolidating at a high level, and the potential consolidation range can focus on 10670-11300. Especially when it is close to 10670, once there is a more obvious signal to stop the decline (such as shortening the lower shadow line downward, gradually moving the center of gravity upward, etc.) or a good opportunity to buy low. If you find that the currency price is close to the resistance of 11300 or breaks through 11300 by a small margin, don't chase the rise easily, as it is prone to a trend of rising and falling.

Subjective expectations (for entertainment only): It is estimated that the currency price will mainly consolidate in the range of 10670-11300 in the next two days, and there is a high probability of continuing to rise in line with the trend after the consolidation. This paragraph is not intended as a trading strategy reference.

resistance and support

Support: 10800--10670--10280

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ETH/USDT Perpetual Contract

The nature of each level: daily line - rising, 4 hours - rising, 1 hour - rising

The screenshot is from the 1-hour chart of the OKEX ETH/USDT perpetual contract: the current objective trend and coping strategies: ETH’s current trend is not much different from yesterday’s, and the price has not fluctuated significantly. It is not an exaggeration to say that it is standing still.

It can be seen from the trading volume that the volume has shrunk severely in the past two days, coupled with the limited decline, it shows that no large funds have voluntarily left the market. It can also be seen from the performance of the kinetic energy indicator MACD that today's adjustment is a sign of a bottom-like divergence compared to yesterday, which also shows signs of weakening short positions. In the follow-up, continue to focus on the 299 line. It is a normal adjustment before it falls below.

Subjective expectation (for entertainment only): Continuing from yesterday, it is estimated that the currency price will continue to maintain the current high and narrow range of consolidation in the short term, and will not effectively fall below the 299 support. The probability of continuing to rise after the consolidation is high. This paragraph is not intended as a trading strategy reference.

resistance and support

Support: 311--299--285

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EOS/USDT Perpetual Contract

The nature of each level: daily line - down, 4 hours - up, 1 hour - up

The screenshot is from the 1-hour chart of OKEX EOS/USDT perpetual contract: the current objective trend and coping strategies: the current trend of EOS is relatively in line with yesterday's expectations, and the currency price has undergone short-term adjustments, and it has not broken the 2.94 support, which is within a controllable range.

From the perspective of trading volume, the volume of today’s decline has shrunk compared with yesterday’s, indicating that the active selling force in the market is weakening, and it also showed signs of stopping the decline after touching around 2.94. The short-term continued downward trend The probability is small. Continue to focus on the 2.94 support. If there is no clear breakout, it is mainly bullish, but when it comes to specific operations, only buy low, do not chase up, and strictly control positions and stop losses.

Subjective expectations (for entertainment only): It is estimated that the currency price will hold the short-term key support of 2.94. In the next two days, it will mainly consolidate at a high level, and it is difficult to have a big rise. This paragraph is not intended as a trading strategy reference.

resistance and support

Resistance: 3.05--3.15--3.25

Support: 2.94--2.86--2.79