Ouyi OKEx Investment Research｜Not afraid of "non-agricultural" crit, Bitcoin continues to run at a high level
OKEx BTC/USDT Perpetual Contract:
OKEx BTC/USDT Perpetual Contract:
News: The non-agricultural data released by the US Department of Labor last Friday was significantly better than expected, and the unemployment rate fell below 6%, indicating that the US economy is still in a state of rapid recovery. However, under Biden's new round of $2.3 trillion stimulus policy, the U.S. dollar index did not continue to rise under the economic recovery. Together with the U.S. bond yields, they all rose and fell, which stimulated the three major U.S. stock indexes to rise by more than 1% on Monday. . Bitcoin also continued to remain relatively strong, operating in a high-level range and consolidating, without a significant drop.
Secondary market: As shown in the figure, the price of Bitcoin has been consolidating around the range of 56600-56900 recently, and the trading volume has not been abnormally enlarged. From the point of view of the moving average system, the 4-hour level MA60 moving average still maintains an upward trend, and the two-day fall on the 4th and 5th of this month stopped falling near the moving average, but stagflation appeared after rising to around 59900. Since mid-March, there have been at least seven highs around 59,900.
This shows that the first-line resistance at 59,900 has attracted much attention from the market, and the short-side funds are strictly guarding against it. Then this resistance still needs to be focused on. Be cautiously bullish before there is a clear breakthrough, but don’t blindly chase the rise. The lower resistance focuses on the 56600 line, which is regarded as the short-term long-short dividing line. Before the breakout, the main position is to wait for the rise. If the breakout occurs, short-term risks should be considered.
Support: 57900--56600--54600
OKEx ETH/USDT Perpetual Contract:
OKEx ETH/USDT Perpetual Contract:
ETH's performance in this round of rising market can be said to be very strong, and it has once again set a record high. As of press time, the highest price rose to $2,154 today. ETH's average performance is better than that of Bitcoin. The combination of MA30 and MA60 at the 4-hour level shows a very obvious long-term arrangement pattern. Yesterday's fall stopped at the MA30 average. At the same time, the trading volume of ETH has been relatively active recently. After this new high, there were two declines, both of which stopped falling and rebounded near the 2000 integer.
Next, you can use the 2000 first-line support as the long-short dividing line in the mid-term, or focus on the support of the 4-hour MA30 moving average. Before the two support levels are not clearly broken, it should be mainly to continue to hold positions and wait for the rise. If it falls below, then the lower support will focus on the 1876 line. This price has a strong support effect and is not easy to fall below in the short term.
Support: 2083--2000--1934
Resistance: 2200--2300--2400
Ouyi OKEx ATOM spot
The recent performance of ATOM is also relatively strong. The 4-hour moving average combination continues to maintain a long-term arrangement, and the trading volume has remained active, which shows that the market attention has increased significantly. At present, the price of the currency once again breaks through the first-line resistance of 21.1. As shown in the figure, this price has repeatedly acted as an important resistance to the rebound of the currency price. The current breakthrough is worthy of attention, and it is expected to open up room for growth again. However, we must also see that there have been failures to break through, so we must not forget the risk control. Since the 22.1 line is so important, if many parties really intend to break through, then the price will not easily let the price fall back below it. Therefore, here is the boundary between strength and weakness. If you do not break it, you will be safe, and if you break it, you must consider avoiding risks.
Support: 22.10--21.60--21.00
Resistance: 24.60--26.50--28.00
