QKL123 investment research: mainstream currency funds outflow, market reorganization opens up space
Market overview:
Following the previous report, Bitcoin's convergence pattern fell below the collapse of the market, and then filled the gap formed by CME on Monday at 22920-23535, in conjunction with the suppression of grayscale news (although it has no real impact, it has a strong impact on "institutional bulls" The market sentiment has been damaged), and once fell to the 22,000 level, which triggered a certain panic selling; since then, although Bitcoin has risen again to stand on the key position of 23,300, it has not stimulated market sentiment, and the focus is on Bitcoin. Other projects Cautious bargain hunting.
BTC/USDT review analysis
As shown in the figure, after Bitcoin fell below the convergence pattern, it made a preliminary exploration around 23300 (providing a reference for the later support), and then fell by 1,500 US dollars. It was supported and closed at the key position of 22300 mentioned in the previous report. Explore and confirm the support strength at 22300 and break through the "bowl mouth" to open up room for growth. The market outlook will focus on the 23300 platform and the rising channel. The 24000 line is still a heavy pressure level. The short-term support below is 22300, and the mid-term focus is around 21700.
ETH/USDT review analysis
ETH/USDT review analysis
As shown in the figure, Ethereum fell the night before yesterday, and Ethereum was also brought down, falling below the key key position of 636 mentioned in the previous report, and the support turned to pressure, forming a key pressure level; after that, it dropped to the 600 line. It is similar to the trend structure of Bitcoin, but the rebound potential of Bitcoin is weak, and the follow-up trend still refers to Bitcoin. At present, Ethereum is subject to the key resistance of 636. If it breaks through, it will look at the previous high of 670;
As shown in the figure, XRP has been falling all the way since the supplementary market peaked. In line with the market's decline and the news that the SEC sued XRP, it broke the support area around 0.44 and caused panic selling. Funds flowed out seriously, even if the market rebounded. It failed to have a positive impact on it, and the focus below is on the 0.2860-0.3260 support area.
This article is for reference only and does not constitute any investment advice
