Currency King: Bitcoin continues to be organized at a low level, and only by taking steps can we usher in a big bull market
Don't worry about ignorance in the road ahead, but there are bosom friends on the investment road. Hello everyone, I am the official account Wanbi Tianwang. I am very happy to review the market with you at this time this afternoon. To describe yesterday's market in one word, it is capricious. The market fell below 50,000 points during the day, and then rebounded to above 50,000 points several times, but they did not stabilize effectively and fell back quickly. At present, the market in the entire currency circle shows a downward trend. Although the Fed is still releasing water, the market is no longer paying for it in the short term. Tianwang has repeatedly emphasized the positive relationship between the recent trend of Bitcoin and the depth of US stocks in previous articles. Related, you must pay attention to U.S. stocks when you are doing Bitcoin. Yesterday, U.S. stocks fell sharply, and the Nasdaq fell below the annual line. Under such circumstances, the weakening of Bitcoin is predictable.
As for why I am optimistic that Bitcoin will fall back, you can pay attention to Tianwang’s article on March 1 (Bi Tianwang: 3.1 Bitcoin’s new journey, the bottom will need to be bottomed out several times before the market starts), because the previous decline comes from In other words, the market is going too fast, and there is not enough time to oscillate at a low level, and time is exchanged for space. This kind of market is more like a dealer controlling the market, rather than a normal repair market.Therefore, the follow-up market will definitely repair the indicators again under high pressure and downward, and then it will be possible to go upward. Sure enough, the current market has touched the lowest position of 46300 below. In Tianwang's view, this wave is likely to test 45000. If the market is supported, it will fluctuate between 45000 and 48000 for a few days, and the accumulated energy will go up again. The market is more in line with the trend of the bull market.
The overall trend of the bitcoin market in the past two days is also in line with what I said. The suppression at the 52,000 position above is very strong. Due to the weakness of the global financial market, in my opinion, the bitcoin market may go down one step further, or even Speaking of going in the direction of the previous low, from the perspective of the daily line level, if this wave of downward decline is likely to form a second bottom, if this bottom is supported, then the bull market will come back. Today's bitcoin market can focus on the intersection of the 5-day moving average and the 10-day moving average on the daily chart, which is the suppression at the position of 48600. The first support level below can be seen first. At the position of 45000, the second support level is directly Looking at the new low of 43,000, from a short-term perspective, the KDJ indicator in the attached picture shows a moderate downward trend, and the MACD is also a heavy volume of short energy. It is expected that Bitcoin will maintain a weak consolidation form in these two days. Looking at the four small charts again, Bitcoin rebounded slightly, was under pressure again at the Bollinger middle rail, and continued to decline. The current opening of the Bollinger Bands is also deepening. The short-term upper suppression can be placed in the area between 48,400 and 48,600, and the bottom is below the support. After that, the current short-term may lean toward 46,000. Once the position is broken, the currency price will continue to decline, and then it will go to 43,000. Today, the bitcoin market has given the upper line of 48,500, and you can choose to directly enter the market with an empty order target of 46,000 point.
The overall trend of Ethereum is a bearish trend. The previous rise was also affected by the pull of Bitcoin. Now that Bitcoin has fallen sharply, the price of Ethereum has dived stronger. The overall trend is still It is a weak arrangement. At the daily line level, Ethereum can currently focus on two key positions. One is the daily Bollinger mid-rail 1670. As long as this position does not break through, the bull market of Ethereum cannot be declared back. In the short term, it is worthy of attention. It is the 10-day moving average of Ethereum, which is the 1505 line. When you reach this position, you can take short positions. In fact, it is difficult to write the points of Bitcoin and Ethereum today, because in this weak market, the fluctuation range is If it is relatively large, the stop loss is not easy to carry, so I suggest that you operate 1/10 of the position lightly, or even 1/20 of the position if it is stable, and then the stop loss is slightly larger, and the profit can be larger.
I believe that when faced with the big market, many currency enthusiasts are looking for people to write analysis everywhere in the market, but no matter how free the market analysis is, you will think it makes sense, so you don’t know what to do. I have done it, what Tianwang suggests here is that you look at the analysis, first of all, you must clarify what your own opinion looks like today, and then make a decision on the entry point based on your judgment and combined with the market's point of view. Once you enter, hold it resolutely and patiently. Don’t think about 7 or 8. Many people are wandering outside the gate of the transaction because of the lack of a guide. If you encounter these problems, I hope you can find them online. Coin King chat with me.
Disclaimer: I, Coin King (Wanbi King), is mainly oriented towards the current contract, and strives to be objective and fair in the content and opinions contained in the article (report), but does not guarantee its accuracy, completeness, timeliness, etc.; the information in this article (report) Or the opinions expressed do not constitute any investment advice, and Bi Tian Wang (Wan Bi Tian Wang) is not responsible for any actions taken due to the use of this article (report), please participate in the cryptocurrency market with caution.
