OKEx Investment Research: Bitcoin continues to consolidate at a high level, and ETH is close to its historical high
OKEx BTC/USDT Perpetual Contract:
OKEx BTC/USDT Perpetual Contract:
From last night to now, there is still no obvious change in the price of Bitcoin. It briefly rose to the 37527 line at 8:00 p.m. and then quickly fell back, but the low point did not hit a new low. From the trend chart, it still maintains a constant low point Elevated features. So far, judging from the 1-hour structure chart representing the short-term trend, since January 17, it has maintained the characteristics of moving up the low point, and most of the high points have also maintained the characteristics of new highs. Although the overall upward trend remains, the trend is not Not obvious.
In the later period, we will continue to focus on the upper resistance and lower support of the convergent triangle in the figure. Before the trading volume is significantly enlarged and the currency price does not break away from the triangle, we need to be more cautious in operation.
Resistance: 37900--40000--41500
OKEx ETH/USDT Perpetual Contract:
OKEx ETH/USDT Perpetual Contract:
The short-term trend of Ethereum began to lead Bitcoin. At 9:00 this morning, a mild and heavy positive line appeared, breaking through the resistance level at the 1270 line in one fell swoop. Before the breakout, the low point has been kept rising, which shows that the rising pattern has not been disrupted, so the breakout is a high probability event. The high volume of the breakout means that the bullish sentiment in the market has strengthened.
At present, ETH has broken through the high point set on January 10, and the trading volume is continuing to increase. It is recommended to pay attention to the 1351 line first. This price is the resistance of the previous high point. Now it has been broken, and the resistance has turned into support. It can be regarded as the dividing line between strength and weakness within the day.
Resistance: 1400--1450--1500
OKEx ATOM spot
OKEx ATOM spot
ATOM as a whole is still showing strong characteristics. At 9:00 this morning, it set a new high since its listing. However, DOT, another currency with cross-chain themes, has been relatively weak in recent days. Among all topics, cross-chain is still one of the most popular topics at present.
Judging from the chart trend structure of the 4-hour period and below, it still maintains the characteristics of the main falling low point and rising. In the short term, you can first pay attention to the support of the upward trend line shown in the figure, and then focus on horizontal support 1 and 2 in turn. The fewer supports that are broken, the stronger the willingness of many parties to take the initiative.
Support: 9.20--8.60--8.00
