Ouyi OKEx Investment Research | The second in command of the Federal Reserve reiterated the easing, and Bitcoin took reassurance
Market Sentiment: According to relevant data, 53.33% of the major virtual currencies rose in the market 24 hours before the press release, slightly more than 46.67% of the declines. There were 706 currencies with an increase of more than 10%, and the decline rate The number of currencies exceeding 10% is 593. Since yesterday afternoon, the short-term sentiment in the market has been significantly restored, and the current optimism prevails.
OKEx BTC/USDT Perpetual Contract:
On the news side: Federal Reserve Vice Chairman Clarida said in a speech that last month's weaker-than-expected U.S. employment report indicated that the economy had not yet reached the threshold at which the Fed could scale back its massive bond-buying program. And there will certainly be an early warning before the pace of purchases is expected to slow. This is the mainstream voice of the Federal Reserve, which has maintained its consistent "dovish" style. Although it has been criticized by many celebrities, the ultra-loose policy will still be resolutely implemented. In the words of Fed officials, it will not be easy to change for at least a few months.
Secondary market: Bitcoin mainly rebounded from the bottom during the day yesterday. After hitting the 45,900 line, it was obviously under pressure and went down. At night, it fell back to the 42,000 low area again, and then formed a double bottom shock and rebounded. Judging from the kinetic energy indicator MACD, the bottom deviation of the small cycle (1-hour level) is still obvious, and at the same time, there is a phenomenon of heavy volume and stop falling in the trading volume. At present, the currency price has shown signs of stagflation after rebounding to around 45900 yesterday's rebound high. At the same time, the 1-hour MA60 moving average has suppressed the currency price to a certain extent.
On the whole, although the current downward pattern has not been completely destroyed, the continuous bottom divergence phenomenon indicates that the current high probability is in the bottom area of this round of adjustment, and the probability of continuing to decline sharply is very small. Next, we should mainly pay attention to the resistance level at the 45900 line. If the price is clearly broken, it will clearly break the characteristics of this round of decline, and the recovery expectation will be greatly increased. If there is a trend of dropping to the recent low point area again in the short term, there is a high probability that it will go out of the trend of bottoming out again.
Support: 44500--43200--42000
Resistance: 45900--47500--49000
OKEx ETH/USDT Perpetual Contract:
ETH continues to follow the rhythm of Bitcoin, and it is basically the same as Bitcoin in terms of trend strength. Yesterday, the currency price fell back to the 30-day moving average in the evening and then rebounded again. At the same time, the low point was also the previous low point. Kinetic energy indicator MACD bottom divergence characteristics are still obvious. At present, the rebound has once again reached the neckline of the previous head-and-shoulders top pattern, and the rebound volume has not yet shown a trend of enlargement.
It can be seen that ETH is also likely to be at the bottom of this round of market adjustments. The short-term important resistance is around 3590. Before it breaks, it is still very likely to suppress the currency price again and cause a short-term fall. However, the 30-day moving average is effectively broken. The probability is small. Due to the destruction of the medium-term upward trend, the short-term recovery market will most likely be "bumpy", mainly volatile, and avoid chasing ups and downs in operations.
Support: 3385--3315--3160
Resistance: 3590--3730--3885
Ouyi OKEx DOT spot (the official account of the marketing department does not publish the content of this currency)
DOT's current rebound structure is slightly stronger than that of Bitcoin, but it is also obviously affected by Bitcoin's fluctuations. At present, it shows obvious signs of pressure at the 1-hour MA60 moving average. At the same time, during the rebound process, the trading volume showed a shrinking trend, and it was difficult for the rebound to be strong and sustainable. However, Bitcoin has already seen the bottom of the stage with a high probability, and it is expected that DOT will hardly have a major adjustment. For strong support below, you can first pay attention to the upward trend line drawn in the chart, and take a step back and focus on around 34.6. If you fall back close to the strong support, there is a high probability that it will stop falling and rebound. The upper resistance focuses on the 43.4-46 area, and there are many lock-ups, so it is not easy to break through in the short term.
Support: 39.80--38.40--37.20
Resistance: 41.40--43.40--46.00
