OKEx Investment Research｜Emotional recovery period, Bitcoin rebounded and fluctuated at a high level
OKEx BTC/USDT Perpetual Contract: (marketing software AICoin)
OKEx BTC/USDT Perpetual Contract: (marketing software AICoin)
News: Asian, European and American stock markets have all risen since last night, and the three major U.S. stock indexes have all risen close to or even exceeded 1%, which is a change from the previous few days of decline. The general stabilization of the international capital market proves the positive effect of Fed Chairman Powell's "dovish" stance on the market, and also confirms once again that the main logic of the current market ups and downs is the Fed's monetary policy, so in the macro direction, we mainly focus on the Fed's policy "Color" is enough. It can be said that there is more than enough water, and a bear market is nonsense. Don't over-interpret the short-term fluctuations in the secondary market.
Secondary market: The rebound in the currency price was finally suppressed at the 52770 line yesterday, and then fell back slightly in the evening, and then stopped falling and rebounded after hitting the low point of the 49225 line. Currently, it is operating in a narrow range in the high rebound area. As shown in the chart above, the rebound from last night to the present has not reached a new rebound high, and there is a certain stagflation phenomenon. From the perspective of trading volume, the trading volume has been relatively sluggish in the past two days, indicating that the enthusiasm of large funds to participate is not high. At the same time, the MACD double-line of the long-short kinetic energy indicator remains in the weak area below the zero axis. These are all phenomena that should attract the attention of short-term long-term investors.
Next, in the short term, we can focus on the first-line resistance of 52800, which can be regarded as a new short-term strength and weakness dividing line. Before the currency price has clearly stabilized at this price, the short-term trend can be understood as a weak pattern. A break above is expected to further continue the upward trend. The lower support still focuses on the area close to 46200. If the trading volume does not show obvious signs of enlargement when this area is tested again, it is expected that the market will rebound for the second time. The short-to-medium-term trend may be dominated by shocks and consolidations in a weak pattern. Do not chase up after a significant rebound, or slump after a significant fall. It is easier to grasp opportunities if you do the opposite.
Support: 49900--48300--46200
OKEx ETH/USDT Perpetual Contract:
OKEx ETH/USDT Perpetual Contract:
ETH is still linked to the trend of Bitcoin and is weaker than Bitcoin. As shown in the figure above, today's high point is significantly lower than yesterday's high point. Judging from the trading volume, it also showed a continuous shrinking trend. Compared with yesterday, today's volume and energy level has shrunk by almost half, and the main capital trading is light. From the perspective of the trend structure, since the high point of 2169 fell back, the high and low points still have not broken the feature of gradual decline. In the current trend state, if this feature is to be destroyed, the currency price needs to break through yesterday's high point of 1759.
In other words, the short-to-medium-term trend is in a typical weak pattern before breaking through 1759, and the 1759 line can be regarded as a new short-to-medium-term strength and weakness dividing line. The lower support continues to focus on the 1423-1504 area. Touching this area again is likely to trigger a rebound. Of course, the premise of a rebound is that the trading volume cannot be significantly enlarged at this time, otherwise it will further hit a new low.
Support: 1630--1567--1481
Ouyi OKEx ATOM spot
Ouyi OKEx ATOM spot
As shown in the figure, most of the trend of ATOM in the last two days revolves around the MA30 and MA60 moving averages on the 2-hour chart, and most of them run below the MA60 moving average. This is a bad phenomenon worth paying attention to for short-term bulls. Since the strong rebound the night before yesterday, the currency price has shown signs of gradual downward movement of highs and lows in the short-term trend. At the same time, it is necessary to pay close attention to whether this characteristic changes in the later stage.
Before the characteristics of the downward movement of high and low points have not been clearly improved, the short-term trend will most likely continue to decline. However, judging from the trading volume and large-cycle trend structure, the short-term downside space is limited, and it is difficult to make a new low. If it is close to the recent low point again, it is easy to see a rebound.
Support: 18.60--17.60--16.50
Resistance: 20.10--21.80--22.60
