BTC bull market consolidation is mainly low and long, ETH long-short tug-of-war focuses on the $600 mark

币圈谈喻凯

特邀专栏作者

2020-12-25 11:14 (UTC+8)

This article is about 1810 words, reading the full article takes about 3 minutes

BTC bull market consolidation is mainly low and long, ETH long-short tug-of-war focuses on the $600 mark

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BTC bull market consolidation is mainly low and long, ETH long-short tug-of-war focuses on the $600 mark

With a pious heart, with a sincere heart, with a prayerful heart, with a blessing mentality, light the Christmas lamp; make a wish, ask for a blessing; send it to you at Christmas, I wish you good luck, I wish you Happiness and peace, I wish you a smooth investment journey and everything as you wish! Good morning, currency circle leeks...

The BTC contract is currently quoted at US$23,639, a discount of US$46.66 compared to the spot price, with a 24h increase or decrease of 2.52%. The trading volume is 34.1328 million lots, the turnover is 1576.5783 million US dollars, and the total current position is 570,200 lots, a change of -100,600 lots from the previous trading day.

The EOS contract is currently quoted at US$2.65, a discount of US$0.0039 compared to the spot price, with a 24-hour increase or decrease of 12.02%. The trading volume was 5.5735 million lots, with a turnover of 27.7693 million US dollars. The current total open interest was 3.0558 million lots, a change of 142,200 lots from the previous trading day.

The ETH contract is currently quoted at US$610.68, a discount of US$1.16 compared to the spot price, with a 24h increase or decrease of 6.29%. The trading volume was 3.2189 million lots, and the turnover was 94.5738 million US dollars. The current total position was 1.9198 million lots, a change of 82,400 lots from the previous trading day.

BTC (Bitcoin): The market in several trading days this week is quite interesting. The sharp pullback at the beginning of the week scared away many bullish leeks, and the market was completely bearish, forming a two-level differentiation, which caused many traders to switch Trading ideas. When you are bearish, the market gives you a little hope again. The reversal on Tuesday revived the bulls, and those who chased the short wanted to cry without tears. When you continue to follow the market to see more on Wednesday, the market reversed again and there was a wave of corrections, and batches of leeks were strangled at high levels. The next day when you were short, the market fluctuated upwards. At this time, many leeks complained: the market fell when you were long, and the market rose sharply when you were short. Such a trend is really unmanageable. Such a problem is not caused by the market, but by your limited control over the market. The more the market is like this, the more leeks there are, the more money will be made. After all, the overall trend of the pancake is mainly based on bulls, which is why Mr. Tan has been insisting on bulls from the beginning to the end. Bullish, bull market, mad bull, high level consolidation, and long positions have always been Mr. Tan’s thinking. At this stage, it has never changed, and profits are harvested all the way.

Looking at the yin and yang cycle of Bitcoin on the daily line, the long and short are repeated, and the market has reversed several times, but the overall trend is still on the high side. Since the market dropped to a low of 22,000 US dollars this week, the bulls have picked up. No matter whether the market goes up or down, the daily lows are gradually moving up. It can be seen that in the adjustment stage, the bulls have the momentum to attack upwards. What we are waiting for now is market guidance. On the daily technical chart, the big pie is still in the upward short position, BOLL is open, and the upper rail space of BOLL extends to 25,500 US dollars. At present, the currency price reverses and runs above the two moving averages. The short-term MA5/MA10 continues to be golden fork To support the rise of the currency price, the focus below is on the support around $23,100, and the final point of defense can be placed around this week's low of $22,000. The major technical indicators in the short-term period eased upwards, and the momentum of the MACD in the attached picture has shrunk. It is expected that the market will continue to maintain a volatile upward trend.

On the four-hour chart, the big pie closed positively continuously, and it rose sharply in the early morning. After a wave of gains in the Asian market today, it faced a pullback in the face of BOLL’s upper track resistance. This is just a simple upward test. It will be pulled up immediately. BOLL is slightly open, and the upside space is expected to open up with the operation of the market. In the short term, pay attention to the resistance of BOLL's upper track at 24,000 US dollars, and below, focus on the support of 23,200 US dollars. The major technical indicators in the short cycle eased up, and the momentum of the MACD in the attached picture shrank. To sum up: This week is the adjustment stage of the big pie. As for when the adjustment will be completed, the guidance of the market is still needed. At present, there are signs of a callback in the short term, but the overall market is still dominated by bulls. In today's operation, Mr. Tan suggested that before the market has reached a new high, you should not blindly chase more, and you can follow the trend to go lower. 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: 23800/24000 Short-term lower support level: 23200/23000

BTC (Bitcoin) real-time operation suggestion: go long at 23250, stop loss at 23000, target around 23600;

ETH (Ethereum): This week, the trend of Ethereum’s correction has exceeded that of the big pie, and the big pie is relatively strong. After all, it is the leader of the mainstream currency, but Ethereum is also struggling. After a sharp drop the day before yesterday to the $550 mark, Ethereum reversed strongly until today and continued to rise above the $600 mark again. In the analysis of the next day, Mr. Tan also mentioned that the $600 mark is more than 600 dollars in the near future. The watershed of the empty trend. Effectively standing on the top, the bulls still have a chance to counterattack. If they are under pressure for a long time, the market will continue to drop. According to the technical chart, the next day, Ethereum closed strongly and broke through the mid-rail position of BOLL, and the overall market entered the upward channel again, but the upper MA5/MA10 crossed the dead cross at $625 to form a strong resistance. In the short term, focus on 600-618 In the US dollar area, the main operation remains long, and the auxiliary empty thinking is carried out.