The momentum of the shock is extending, beware of unilateral or broken positions, Bitcoin and Ethereum operation suggestions
What is failure? Nothing but one step closer to success; what is success? It means that after going through all the roads leading to failure, there is only one road left, and that is the road to success. Do not wait for opportunities, and to create opportunities. When spring comes with vitality and hope, you will be in a good mood; when summer cold drinks bring joy and coolness, you will be in a good mood; when autumn golden waves come with maturity and harvest , you will be in a good mood; when the hot kang in winter comes with warmth and happiness, you will be in a good mood. Happiness is everywhere, and a good mood is always there. Behind every hard work, there must be double rewards. The same is true for investment. Mood determines your success or failure. Good technology is not as good as mentality. Happy investing and happy Monday!
A new round of economic stimulus and quantitative easing will continue. According to market news reports, Biden announced a $1.9 trillion stimulus plan, and the chairman of the Federal Reserve announced that it is not time to exit (loose monetary policy). Under the continuous QE, Bitcoin is becoming one of the anti-inflation options for many investors.
For a long time, the sharp rise and fall of Bitcoin has made the market question its safe-haven attribute, thinking that it should be a risk asset, but with more institutions entering and choosing allocation, Bitcoin has gained more and more attention. Even Bitcoin, which has skyrocketed and plummeted, has still outperformed inflation with a strong upward trend since its birth. Now we also see more and more investors, institutions, and family offices choose Bitcoin as a long-term asset allocation. At the beginning of this year, Bitcoin rose to US$40,000 with a strong posture and then fell by US$8,000 within a day, but even so, Bitcoin rebounded again in three days. Although the overall market is currently in consolidation, behind this is the macro environment. Changes are closely related to the promotion of capital.
It can be said that in the era of continuous monetary easing, zero interest rates or even negative interest rates, the intrinsic value of cash will depreciate, and holding cash will face certain risks. In this case, the "risk-averse" attribute of Bitcoin will be fully displayed. More and more people choose to hold Bitcoin. With the determination of the continuous monetary easing plan in the future, it is expected that the bitcoin market will receive more and more attention.
Bitcoin (BTC), since the sharp rise last week, the weekend market has been quite flat. Although it once fell back, the overall market is still adjusted around the $36,000 mark. Adjustment, the more the market is like this, the more flustered it is. If you are a little careless, the market will be on the verge of breaking out, but this kind of market is not a chance at all. It is said that "newbies are afraid of one-sidedness, and veterans are afraid of shocks."
Bitcoin (BTC), since the retaliatory sharp drop on January 11, the market has shown a certain rebound, but after hitting the $40,000 mark, it has fallen back under pressure, and the overall market is operating at the high and low levels on January 11 Adjustment. The daily line closes at the cross star, and it is still near the middle track of BOLL. The market is getting more and more subtle, and the momentum of consolidation is getting stronger and stronger. An explosive market is expected to come. BOLL is shrinking, and the moving average MA5/MA10 is glued to the area of 36,700 US dollars to form resistance, while the lower BOLL middle track forms support at 35,000 US dollars. The short-term KDJ technical indicators are easing, and the MACD kinetic energy in the attached picture is weak. It is expected that the market will continue to maintain an adjustment trend. In the short term, Bitcoin tends to fluctuate. Focus on the $34,200-36,800 area. If it is stable, wait and see. Once the market breaks through this range, you can follow the trend. However, the market is in shock, and beware of unilateral or broken positions. In contract trading, both long and short are opportunities, but positions and risks must be well controlled. We are still bullish in the mid-term trend. For spot traders, the pullback is still a good opportunity to hoard coins. It is best to use the method of building positions in batches , so that profits can be maximized. 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: 36800/37500 Short-term lower support level: 35500/35200
Ethereum (ETH), no matter whether Ethereum is rising or falling, the only constant is more, and the callback continues to be more. In the weekend market, Ether once hit the $1300 mark. Although it fell back, it relied on the $1160 mark several times and stood above the $1200 mark. The momentum of the bulls is still strong. On the daily line, Ethereum closes the cross star, standing firmly above the two major moving averages, and the bulls still maintain a volatile upward trend. In the short term, they will focus on the range of 1200-1265 US dollars. In terms of operation, they will maintain low-many thinking and follow-up, and the key resistance position You can choose a short time. In the digital currency market, there are many retail investors trading Ether. Indeed, Ether is another mainstream currency after Bitcoin, and Mr. Tan is quite optimistic about its medium-term trend and upside potential. For spot traders, every drop of ether is an opportunity for you to hoard coins. Many people don't know when to buy and when to sell, which has become a thorny issue. The best way is to set yourself an expected goal from the moment you buy, and you can make a profit when you reach your goal (the goal should not be too large, the best position is 30% of the total funds). Short-term upper resistance level: 1260/1280 Short-term lower support level: 1200/1160
