Bitcoin is blocked, Ethereum continues to flee without a fight, and the bull market is over
Short-term market analysis and operation suggestions:
Yesterday, the market returned to calm after a wave of 500+ points of decline the day before yesterday. It rebounded after exploring the low point of 11117, was blocked at 11400, and then oscillated and consolidated and rushed to the 11500 line in the evening. It can be seen that the bulls are not giving up and want to trade again There is a change of fate, but it is obvious that the market as a whole is very weak, and the upper side is heavily suppressed. Under the current situation, the market wants to go up again, unless the dealer intervenes to pull the market up again, and the short-term operation follows the trend. Just shake. The dual-channel area of the Vegas tunnel above has become a short-term suppression position, and it is enough to rely on the layout of this area to enter the market.
Operation suggestion:
1.11480-11380 enter the market with empty orders, default stop loss, target 11100-11000
3. Break through the 11000-11400 range. It is recommended to chase the short and not the long. The weak market is a foregone conclusion. Don't lose your eyes for the temporary small profits.
3. Break through the 11000-11400 range. It is recommended to chase the short and not the long. The weak market is a foregone conclusion. Don't lose your eyes for the temporary small profits.
ETH operation suggestion:
1.386-389 entry layout empty order, stop loss 392-395, target 375-370
2. 370-373 entry layout long order, stop loss 365-363, target 386-389
3. Break through the 360-390 range to chase long but not short. The market is weak and the downward trend is volatile. It is better to follow the trend.
