The bulls have won a big victory, Bitcoin and Ethereum operation suggestions and midline layout
Bitcoin (BTC), at the beginning of the week, we have been long and long. No matter how the market pulls back, we still insist on long. Arriving smoothly, the profit along the way is also quite perfect. Whether you believe it or not, Mr. Tan just wants to say that in such a bull market, there are still many opportunities for you to get in the car from today's weekend to next weekend, it depends on whether you can grasp it.
No matter what financial product it is, there is no blind ups and downs in the market, and it is normal to go up and down. How long did it take gold to break through this year's $2,000 mark, and how many bull and bear markets it has experienced along the way. The stock market started from the bull market in the second half of 2015 to the end of the first half of 2016. It can be said that it has been in a bear market until today (due to the epidemic this year, many people regard this year’s stock market as a calf), and what about Bitcoin? ? Since it became a big hit in 2017, the whole of 2018 is close to the brink of collapse. From the second half of 2020 to today, who can imagine that Bitcoin, the least optimistic, suddenly overturned the entire financial circle? The bull market is very One wave is higher than the other, and the price of the currency is higher than the wave. For onlookers, it is hard to tell where is the starting point and where is the end point.
Bitcoin (BTC), after rising to $41,950 overnight, ushered in a waterfall again. It rebounded after touching $38,700 in the early morning. The Asian market fluctuated upwards, but the strength of the upward movement was limited. Turn to the downside and test the early morning low again. On the daily line, there was a pullback after Bitcoin’s strong Si Lianyang. As for whether it was the beginning of the reversal or an adjustment, many people were restless again. After all, they were panicking when they were driving. , It's really helpless. Bitcoin fell from the high of the next day to the current point of $39,330. Relatively speaking, the retracement is a bit large, but it has not yet fallen below the low of the next day and the day before ($36,300). In the short term, it has only entered a broad adjustment stage . BOLL is still open, and the currency price is still running in an upward channel. The moving average MA5/MA10 is supported at 38150/34650 USD respectively, and the short-term top is suppressed by the BOLL upper rail at 41150 USD. The short-term KDJ technical indicators are sticking downwards, and the upward movement energy of MACD in the attached picture is shrinking. It is expected that the big pie will continue to maintain a high-level adjustment posture.
After the big pie refreshed and dived on the hourly line, the market remained in the downward channel during the entire Asian-European session. The BOLL was in a state of shrinking, and the moving average MA5/MA10 crossed to suppress its upward movement. In the short term, we need to focus on the middle of BOLL The track is suppressed in the area of 40,350 US dollars, and below it is necessary to pay attention to the support of the lower track of BOLL in the area of 38,800 US dollars. The short-term KDJ technical indicators are moderately upward, and the downward momentum of the MACD in the attached picture is shrinking. To sum up: After a wave of bull market, the big pie ushered in an adjustment, especially when the market was light on weekends, Bitcoin did not fall below the key support, the overall trend is still on the high side, and the short-term fall is just In order to rise better, but in this process, you need to withstand the market pull back and forth. In fact, the market under adjustment has opportunities for both long and short positions for contract trading, but Mr. Tan believes that long positions are always more stable than short positions, so for today’s market In terms of operation, continue to follow up with low-multiple thinking. For spot traders, every day when you fall back is the moment for you to hoard coins, and every time you meet your expectations is a time to make a profit. , so as to maximize profits. 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: 40350/41000 Short-term lower support level: 39000/38150
Ethereum (ETH), the big pie rises, the ether follows the rise, the big pie falls, and the ether falls faster. The recent rise and fall of ether has its own inertia, and the fluctuation is also quite large. For many people, stop loss It is not easy to control. In fact, in such a market, it is a good choice to put a smaller position, enlarge the stop loss, and continue to cover the position after falling to lower the average price. Ethereum received a cross star at a high level for two consecutive trading days, one yang and one yin, especially the rapid retracement the next day directly pulled down to the lowest point ($1063.78 line), fortunately the market regained its upward trend, but the overall situation is still under pressure , resulting in another continuation of the decline today and falling below the $1,200 mark. In the article in the early morning of the previous night, Mr. Tan said that the 1230 USD mark is a short-term watershed, and it will continue to be bullish if it can effectively stand above the 1230 USD mark. Fortunately, Ethereum has not ushered in a waterfall market, and is currently consolidating around the $1,200 mark.
On the hourly line, Ethereum is under pressure and is adjusting in the downward channel. BOLL is in a flat state, and the moving average MA5/MA10 crosses the dead cross to suppress its upward movement. In the short term, focus on the suppression of BOLL's mid-rail at $1207, and the lower part needs attention The lower track of BOLL is a little support at $1155. The short-cycle KDJ technical indicators are running moderately, and the MACD kinetic energy in the attached picture is increasing. It is expected that there will be signs of a callback in the ether. To sum up; after the ether has lost the 1230 and 1200 US dollars one after another, the short-term has become weak, but the general trend is still on the high side. For such a situation, it can be determined by following the trend of the big pie. Teacher Tan believes that the callback is still an opportunity to do more , Today's words are optimistic about the range adjustment (1155-1240 US dollars range). I would like to add that many spot traders ask whether Ethereum can reach the $1,400 mark in the medium and long term. Mr. Tan believes that it will definitely be possible this year, but everything is a matter of time. You need to be able to withstand the suffering and market shocks. The specific trading method can be discussed by the author of Aite.
Upper resistance level: 1207/1240 Short-term lower support level: 1180/1155
