Beware of changes in the BTC bull market for a safe Christmas, while Ripple is in a bear market at the high altitude of Ethereum
At the beginning of this week, BTC basically maintained a high-level adjustment pattern. In the early morning, there was a short-term rapid decline, falling below 22,600 USDT, and the lowest fell to 22,604 USDT. Afterwards, it rebounded slightly and is now finishing around 23008 USDT. Most mainstream currencies follow the broader market and have just rebounded after a short-term rapid decline, but the strength of the rebound is still limited.
1. The total value of the global digital currency market is 631.368 billion US dollars (-5.62%), and the 24h trading volume is 110.580 billion US dollars (+11.76%).
2. The performance of mainstream digital currencies is as follows: ETH temporarily reported 587.51 USDT (-6.97%), XRP temporarily reported 0.2644 USDT (-39.03%), BCH temporarily reported 278.63 USDT (-12.95%), LTC temporarily reported 104.17 USDT (-7.55%) ), EOS tentatively reported at 2.315 USDT (-19.65%), and BSV tentatively reported at 154.83 USDT (-9.28%).
3. Among the top 100 coins in the 24-hour market value ranking, the top three are: DNT (+30.28%), CRPT (+14.53%), ZIL (+13.05%); the top three are: XRP (-39.65%) , GRIN (-26.57%), BTM (-23.94%).
Teacher Tan said in the article the next day that the big pie is bullish and not chasing the rise, because this week and today will usher in a time node that is "Christmas Eve" and "Christmas". Christmas Eve is not safe, and Christmas may be a Christmas robbery. , There will be a possibility of a change at any time. This morning I happily opened the market and saw the fluctuations on the market. To be honest, I was very surprised. In the early trading, the Bitcoin pin fell below the 23,000 US dollar mark again. It is indeed a little difficult. The market has been repeatedly washed, and retail investors have been tortured.
BTC (Bitcoin): On the daily line, the big pie closed down, and after recovering the decline, it gave up its gains. The market went up and down, and it still maintained a high level of consolidation. The pancake has been consolidating at a high level for several trading days. The top hit the $24,000 mark three times and then fell back under pressure. The bottom also broke through the $23,000 mark three times to stop falling and rebound. The support resistance of the two major points is relatively strong, resulting in short-term There is no continuity and instability in the ups and downs. According to the technical chart, BOLL is still in an open state, and the upside space gradually extends with the adjustment of the market. The big rise failed to hold the rally. The longer the high level of consolidation, the greater the probability of a fall. At present, the market is still biased towards bulls, but The bulls seem to be showing signs of weakness and need some stimulus from the market to bring them back to life. The overall market of Pancake is still in the short-term triangular shock zone (between 22000-24299 US dollars). At present, there are still signs of a callback in Pancake, and the market volatility is relatively large. In the short term, before breaking through the triangle shock zone, we are still optimistic about this area Adjustment.
On the hourly line, the big pie pin hit the $22,604 area and then rebounded, and then fell back under pressure at the $23,500 area. The overall market still maintained adjustments. In the short term, the big pie is running in a downward channel, and the dead cross of MA5/MA10 suppresses its upward movement at 23200/23400 US dollars respectively. Once an effective breakthrough is made, the currency price will fluctuate upward. The major technical indicators in the short cycle are running moderately, and the momentum of MACD in the attached picture is weak. It is expected that the market will continue to maintain adjustments. To sum up: recent big pie fluctuates a lot, skyrocketing and plummeting, there is nothing wrong with long and short trading, mainly depends on your pursuit of profit, but technically the big pie is still above the upward trend line, and the bulls remain intact . Judging from the Fibonacci theory of the daily line, the golden section line of the pancake retracement is around $21,661, and this week's low is around $22,000. If it does not break the general trend, it is still optimistic about the low price. If you are uncertain about the interpretation of technical market and news, or you have a set list, you can discuss it with Mr. Tan.
Short-term upper resistance level: 23500/24000 Short-term lower support level: 22500/22000
ETH (Ethereum): Driven by the collapse of the big pie, the shorts of Ethereum finally couldn’t hold back. After falling below the $600 mark, the shorts accelerated and fell to the $550 mark. It can be seen that the dealer’s sell-off is still relatively serious. The sharp decline has fallen to this week's low, and the market has also reversed and reversed. After falling below the $600 mark, the direction was finally determined. Today's words focus on the resistance around the four-hour MA5 moving average of $595, and the support around $560 below. The operation is still mainly to maintain high altitude. This year, all major mainstream currencies have gone through a wave of bull market, but XRP has gone against the trend and gone through a wave of bear market, and it is still going further and further on the road of bear market. Those who buy bottom and speculate are probably deeply trapped in Ripple. Among them, the serious ones have been hollowed out. I do not recommend operating the currencies that the dealer can wantonly speculate on. Investment is not speculation.
Short-term upper resistance level: 595/600 Short-term lower support level: 575/570
