Bitcoin's negative fall breaks the bearish position, Ethereum pays attention to the strength of short-term correction
In the external market, the market is looking forward to the large-scale fiscal stimulus brought about by Biden's coming to power, which has promoted the rise in market risk sentiment, but at the same time, inflation expectations brought about by large-scale stimulus have also risen, which has prompted investors to choose Gold to fight inflation. The worsening of the epidemic and poor vaccination are also important driving forces behind gold's rise. However, investors also need to pay attention to the trend of government bond yields and US stocks, which may cause some troubles for the rise of gold prices. Both U.S. stocks and gold rose the next day, but Bitcoin’s reaction was not strong, on the contrary, it continued to be under pressure.
Bitcoin (BTC), Mr. Tan emphasized in the recent trend that the market has always been in a neutral adjustment, focusing on the range of 35,000-37,500 US dollars. Where the market breaks through, we will follow the market to follow the trend. The next day's market showed a small unilateral, the market fell negatively, and the lowest touched the line of 33,386 US dollars. Those who followed the author's thinking and traded made a profit of thousands of points. Today's market is relatively stable. The Asian market fluctuated upwards, and then turned downward. After testing the 34,000 US dollar mark, the European market rose slowly. It once hit the 35,000 US dollar mark and then fell under pressure.
Looking at the daily line, Bitcoin has continued to fall downwards, falling below the middle track of BOLL and is in a downward channel. The overall trend is neutral and bearish. BOLL is in a shrinking state, and the moving average MA5/MA10 is running at a dead cross. In the short term, focus on the suppression of BOLL's middle track at $36,000, and below focus on the support of BOLL's lower track at $31,500. The short-term KDJ technical indicators are running downward, and the MACD kinetic energy in the attached picture is increasing. It is expected that Bitcoin will continue to maintain adjustments. In the four hours, Bitcoin continued to adjust in the downward channel. It rebounded several times to the MA10 moving average and then it was under pressure. Pay attention to the support of BOLL's lower track at $33,800. The short-term KDK technical indicators are moderately downward, and the MACD kinetic energy in the attached picture is increasing. It is expected that Bitcoin will continue to maintain a weak order.
To sum up: After several trading days of adjustments, the trend of Bitcoin tends to be short, but the short-term decline has not ushered in the sharp drop that the market imagined, and is still waiting for the guidance of market signals. After the sharp drop of Bitcoin on January 11, the market has rebounded and dropped, but the overall trend is still maintained in a broad adjustment (that is, running between the high and low levels on January 11), and the corresponding Ethereum has already hit a record high. The external market has little impact on Bitcoin. The key factors affecting the rise and fall of Bitcoin are institutions and the epidemic. From these few trading days, it can be seen that the trend of Bitcoin has become very weak, especially after breaking through the middle rail of BOLL the next day, the trend is gradually bearish. Therefore, for today's operation, the teacher suggests that the high altitude should be the main strategy, and the low and high prices should be supplemented. . For spot traders, Bitcoin has not ushered in a big rebound in the past two weeks, and those who are stuck at high positions can continue to cover their positions at low positions, lowering the average price. 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: 34500/35000 Short-term lower support level: 32500/32000
Ethereum (ETH) has come out of its own bull market this week, leading the rise of mainstream currencies for two consecutive trading days, but unfortunately, it has fallen sharply after the surge, mainly due to the drag of the big pie. Looking at the daily line, the high level of ether is overcast, and the BOLL is shrinking. The overall trend is still in the upward channel. At the top, focus on the resistance around $1,300. After the bottom falls below the MA5 moving average, MA10 provides support at $1,230. The short-cycle KDJ technical indicators are glued down, and the attached MACD is heavy-duty. It is expected that the ether will maintain a high level of adjustment.
In the four hours, it is seen that the ether has risen and fell directly below the middle rail position of BOLL, and the moving average MA5/MA10 is bound to cross the dead cross to suppress its upward movement. In the short term, focus on the resistance of the middle rail of BOLL at $1312, and focus on the overnight retracement below. The low of 1236 US dollars is a little bit. If it continues to drop, this wave of market can be seen towards the 1200 US dollar mark. The short-term KDJ technical indicators are moderately downward, and the MACD kinetic energy in the attached picture is heavy. It is expected that the big pie will be accompanied by the risk of a callback. To sum up: Ethereum fell back after hitting a record high of $1,439. At present, the short-term fall is still within the normal range. The overall trend is still inclined to bulls, but the short-term fall is affected by Bitcoin. The market at this time is at an intraday low, so it is not recommended to chase it. The fall is also to give the bulls a good opportunity. For tonight's operation, Mr. Tan suggests to keep the low-multiple thinking.
Short-term upper resistance level: 1280/1300 Short-term lower support level: 1230/1210
