Ouyi OKEx Investment Research｜Foreign epidemic situation continues to spread, "Buffalo" market is hard to stop
OKEx BTC/USDT Perpetual Contract:
OKEx BTC/USDT Perpetual Contract:
News: According to related news, the number of new confirmed cases of new coronary pneumonia in the world has risen for eight consecutive weeks, with 5.26 million new cases last week, the highest since the outbreak. Everyone knows that the biggest driving factor for the global asset bull market is the over-issuance of currency, and the reason for the over-issuance of currency is the spread of the epidemic around the world. The current global epidemic situation is still very severe. In order to stimulate the economy to maintain recovery, the continued loose currency is still a general trend. From this, it can be inferred that the bull market of various asset prices with anti-inflation attributes is difficult to end in a short time.
Secondary market: Yesterday, Bitcoin stopped falling and rebounded after falling close to the 53200 line, but it did not break the already formed rebound high and move down, and the currency price fell back around 56800. At present, the currency price is still in a volatile pattern, the trading volume shows signs of shrinking, the market trading is not active, and the 60-day moving average has not yet stabilized again.
It is expected that the short-term trend will remain volatile, and the consolidation zone will focus on 53200-56800. Before the shrinking trend of trading volume changes significantly, it is difficult for the currency price to effectively break out of the consolidation range. Do not chase the rise on the upper edge of the range, and kill the lower edge of the range. The idea of selling high and buying low can be used as a reference.
Support: 54700--53200--51700
OKEx ETH/USDT Perpetual Contract:
OKEx ETH/USDT Perpetual Contract:
ETH's recent trend has been relatively stronger than Bitcoin. Yesterday's rebound broke the 19-day high, but it has not clearly closed above 2290. From the perspective of trading volume, this round of rebound shows signs of mild expansion, but compared with the previous decline, the volume energy is still significantly shrinking. From the perspective of the medium-term trend, ETH belongs to the pattern of shock consolidation. From the perspective of the long-term trend, the low point of each major correction still maintains the characteristics of continuous rise.
It is expected that ETH will get out of the short-term weak pattern earlier and reach a new high. However, the short-term probability is still dominated by shocks. The new shock range can focus on the 2220-2391 area, which is mainly close to the resistance to lighten up, and close to the support to buy low. .
Support: 2270--2020--2165
Resistance: 2391--2420--2500
Ouyi OKEx YFI spot
Yesterday, YFI rebounded as expected, and the rebound strength among most well-known currencies was in the upper middle. In the later stage, you can pay attention to the upward trend line support shown in the figure. As long as there is no obvious breakout phenomenon, the performance in the later stage will most likely continue to maintain a relatively strong state. In the short term, because Bitcoin has not yet reversed from its weakness, it should not be too aggressive now, buy near the support level after the callback, and consider short-term lightening if there are signs of stagflation near the high point.
Support: 47200--46200--44000
Resistance: 50500--52400--54600
