The target of the bulls has reached the market, and Bitcoin and Ethereum have risen sharply and are expected to correct
Market news: In the early morning of January 8, Beijing time, the price of bitcoin hit a record high of $40,342.27. Hexun Famous Analyst Tan Yu Kai said: After BTC broke through the 30,000-dollar integer mark, the rate of increase has increased significantly. For asset class, the market consensus is getting stronger and stronger, and the sentiment of fund grouping is strong. 2020 has experienced major changes unseen in a century. Black swan events occur frequently, the epidemic intensifies, the economy is hit hard, the world is flooded, trust in the US dollar is reduced, and the world has entered an era of zero or even negative interest rates. In this drastic change environment, The scarcity of Bitcoin is particularly prominent. This year, the supply of Bitcoin has been halved, and its actual circulation has continued to decrease, and its price has risen. Its anti-inflation and value storage functions have been further affirmed by the market, and the participating players have also changed from retail investors to institutions. The current upward logic still holds true, and the market outlook is still expected. Of course, every surge will accumulate a large number of profit-making orders, and market fluctuations caused by short-term profit-taking are also normal phenomena. Investors are also reminded to pay attention to risk control. 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. Subscribe to the official account; Currency Circle Retail Alliance.
Recently, the currency market has become more and more popular. Overnight, Bitcoin broke through the $40,000 mark strongly, and Ethereum broke through the $1,280 mark. The leeks all over the country are boiling. It is very exciting to watch the sudden rise of this market, but after the big rise, it is suddenly smashed The impact of the market quickly dived, and the market instantly "returned to before liberation overnight". In the early trading today, Bitcoin and Ethereum extended their downward trend the next day, and they continued to drop, and there is no sign of stopping the decline yet.
The recent wave of the currency market has more than one wave, and the numbers on the disk are also updated daily. The same trend, the same operation, and different profits. The Asian market soared, the European market retreated, and the US market pulled up. This happened repeatedly, and the next day a big catch. In the U.S. market the next day, Bitcoin fluctuated all the way up. When it broke through 39,000 US dollars, it directly chased for more, and took profit at 39,300 US dollars. Then I saw that the rise of Ethereum was stronger and I went long at 1220, took profit and exited at 1230, and chased more at 1238 when the market continued to rise, and took profit at $1245. The last order was perfect at 1260 Continue to chase more, successfully stop profit and get out at 1272, there is no loss order tonight, a big victory tonight. The total profit of the four orders is 32 points. If you make one lot (100 contracts), it will be 3,200 US dollars, and if you do ten lots (1,000 contracts), it will be 32,000 US dollars. Congratulations to Mr. Li for keeping up with the guidance and making a perfect turnover last night.
Bitcoin, when it was 20,000 US dollars, many people thought it was very high, but it accidentally reached 30,000 US dollars, and many people thought it was very high when it was 30,000 US dollars, but now it is 40,000 US dollars, those who always dislike the high price of Bitcoin , I don’t know if I regretted it in the end. Time is waiting for no one, seize the opportunity when it comes, and have been emphasizing the bull market, but how many people follow the rhythm of Teacher Tan to implement it? The saddest thing is that those people who know that it is a bull market still go against the trend and blindly sell short, thinking that it is speculation at the top, but the result is that they speculate halfway up the mountain, or seriously, they speculate on the floor. At present, Bitcoin and Ethereum have reached our expected medium and long-term goals, so what will happen next? Will Bitcoin hit the $50,000 mark? Will Ethereum reach $1500? As long as you dare to think and do it, it's all right.
Many people think that Mr. Tan is bragging. For retail investors, it doesn’t matter whether you believe it or not. Only those who trust and keep up with the operation know how true all this is. Turnover is like a dream for many people, but for Mr. Tan, it is commonplace. Strength + market is just a matter of a few orders. Making profits for retail investors, overturning the market, and overthrowing bankers has always been the dream pursued by Mr. Tan. As for how many people he can solve problems for, I don’t know, at least I’m always on the road. After the carnival, doomed to sleepless night, why? No matter what the market situation is, there will always be some people in the market who are happy and some people who are sad. I can only send congratulations to the happy people, and I can only do my best to help you to the sad people (quilt traps or liquidation). I can understand your feelings about setting up orders or liquidating positions. No one can accept this fact. There is nothing wrong with it, but facing the reality is the best way. "It's not too late to make up for it." If you are confused, you might as well stop and look at the scenery ahead. Teacher Tan will always stand in the most conspicuous place waiting for your arrival and escort your life.
Bitcoin (BTC), on the daily line, it has received three consecutive yangs in a row, showing the "three red soldiers" pattern, and the bulls are rising steadily. The high level of each daily closing line is the next day's low level. For such a pattern, the market outlook is definitely bullish. However, at the high level and affected by the sell-off, the short-term market reversed. It hit the 40,000 USD mark and then turned downward. The downward range was a bit large and directly passed through the 39,000/38,000 USD mark. The currency price gave up most of the gains. It is currently consolidating In the area above $37,000.
In the four hours, the pie rose and fell, and a solid Yinxian directly fell below the MA5 and MA10 moving averages, but the overall market is still running in the upward channel, and the BOLL is shrinking. The upper suppression is relatively strong. In the short term Focus on the suppression of the MA5 moving average around US$38,600, while the lower part needs to pay attention to the low of the overnight retracement at US$36,500. If the market continues to drop and breaks down effectively, it is possible to test the BOLL mid-rail at US$35,000. The short-term KDJ technical indicators are running downward, and the MACD red kinetic energy in the attached picture is shrinking. It is expected that the big pie will be accompanied by signs of a callback.
To sum up: I reminded in the article the next day: "In view of the recent excessive rise of Bitcoin and Ethereum, the technical indicators are overbought, and beware of short-term diving situations." I did not expect this black swan to kill in advance , the main reason for the sharp drop in mainstream currencies this time is that Mr. Tan believes that the $40,000 mark is the expected goal of many people, and once it is reached, the bulls will take profits. Today's trend is somewhat similar to the situation on March 12, 2020, but there is no need to panic. The market has not yet reached a bad step. After a big rise and fall, it will be corrected, so the teacher's suggestion for today's operation is much lower Mainly, choose the opportunity and go short. After all, there will be opportunities for both long and short contracts in contract transactions. The key is to control the trend. 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. Subscribe to the official account; Currency Circle Retail Alliance.
Short-term upper resistance level: 38000/38500 Short-term lower support level: 37000/36500
Ethereum (ETH) will fall as it rises. To be honest, this wave of smashing market is indeed unexpected. Fortunately, it is a wait-and-see attitude in the early trading. From the next day's high of 1288.88 to today's low of $1165, Ethereum has retraced nearly 120 points. The range of retracement is a bit too large. The rise is crazy and the fall is brutal. The only thing we can do is to control it risk. Looking at the daily line, Ethereum ended its six consecutive positive days, and a negative line directly gave up the gains in the past two trading days. At present, Ethereum has fallen below the MA5 moving average, and the market is still in a callback. BOLL is shrinking, and the support above After breaking down, it turns into resistance and becomes strong. In the short term, we need to pay attention to the low of overnight retracement at 1152 US dollars. Today, we will focus on the support of 1050 US dollars. If the market continues to break down, it is expected to test the integer mark of 1000 US dollars again. If it is stable If so, the market still has an opportunity to rise. The short-term KDJ technical indicators are moderately downward, and the MACD kinetic energy in the attached picture is shrinking. It is expected that Ethereum will enter a high-level consolidation trend. To sum up; at present, the trend of Ethereum and Dabing are the same, but the decline exceeds that of Dabing. The market rebounds quickly after each big drop, and falls into consolidation after the rebound. The current Asian market is coming to an end, and we will focus on Europe later. Disk stability. The big drop is not a change in the bearish trend. Before there is a sign of peaking, the general trend is still inclined to be long. In terms of operation, keep the low-many thinking and choose the opportunity to be short.
Upper resistance level: 1100/1050 Short-term lower support level: 1150/1200
