Bitcoin's phased highs determine that the retracement lows are about to be reached
Market review:
Market review:
After Bitcoin broke through the historical high of 20,000 US dollars at 7 o'clock in the evening on the 16th, the market has been in a wide range of shocks. On the whole, the upward trend is the main trend. Insufficient, the market retreated and accumulated momentum continued to rise. In the early morning of today, it reached the highest line of 23700 again, and then started the waterfall downward. At four o'clock in the morning, the market reached the lowest point of the 22350 line and ended. This wave reached a small waterfall of 1400 points, and then oscillated run.
Bitcoin short-term market interpretation and operation suggestions:
After a wave of waterfalls in the early morning of the day before yesterday, the Bitcoin market stopped falling and rebounded at the 22350 line. The overall market fluctuated upwards. It is currently fluctuating around the 23000 line. The overall rebound momentum is still obvious. As for when to intervene with short orders, in my personal opinion, there is no need to worry for the time being. Wait for the end of this wave of rise. The rebound high point is determined to be below the previous rebound high point, and then it is safer to choose an opportunity layout. For the time being, my personal suggestion is The fall is mainly to do more, but it is obvious that the 23000 line has been tested many times in the past two days and has not completed an effective breakthrough. Focus on falling back and doing more, and temporarily use 23200-23000 as the short-term suppression level, and if more orders touch this area, you can stop profit and exit the game
1. 23000-23200 entry layout empty order, default stop loss, target 22400-22500
2. 22400-22300 entry layout long order, default stop loss, target 23000-23100
3. When the market falls below 22000, take advantage of the trend and follow up the short order to see the target line of 21100-21000
Ethereum short-term market interpretation and operation suggestions:
1,The recent market of Ethereum is still the same as that of Bitcoin on the whole. Both the trend and the overall energy are relatively similar. The difference is only the time before and after. So for the current market, our operation ideas are still the same. On the whole, don’t be blindly bullish. In the short term, 658-660 is used as the suppression area. The short-term take-profit point and long-order intervention point below are temporarily placed on the 646-650 line. The short-term limit support is 614-618. The market breaks through 640. Single thinking temporarily give up and wait for the market to step back and step on the vegas tunnel 614-618 in the hourly chart before intervening
2,658-660 entry layout empty order, stop loss default, target 646-650
