Bitcoin fell sharply in the short term, and the key support of mainstream currencies fell

Bitcoin: Not surprisingly, Bitcoin fell again the next day and directly tested around the 8000 mark. The next day, the price relied on the 8450 first-line weakness and fell in the early morning. It fell sharply in the short term and rebounded to above 8100 in the short term. It was sorted at 8180 in the short term. Nearby; in the next day’s article, the author emphasized that although Bitcoin is supported at 8360 in the short term on the daily line, the daily line is obviously under pressure, and the price is also constantly falling weakly. As a result, the price continued to fall, and the short-term strong decline the next day also completed the test of the first target of 8000 in an instant; the downward trend of the daily line in the trend is still continuing, unless there is a continuous positive line on the daily line, otherwise it will be very difficult. It is difficult to reverse the daily trend, even if it stops falling, it will only be an adjustment, and after the adjustment and correction, Bitcoin will still fall again with a high probability. From a short-term perspective, a long shadow line was recorded every other day in four hours to test the 8,000 mark, and the overall downward trend was maintained well. The hourly line rebounded after refreshing its low in the early hours of the morning. The short-term is mainly based on sideways adjustments. Then the possibility of a second short-term decline under this adjustment is relatively high. If it is a rebound to recover the decline, short-term adjustments It is mainly based on shocks, so you can continue to rebound and short within the day, pay attention to the 8000 support below, and continue downward if it breaks. In terms of operation, it is recommended to short near the rebound position of 8230 in the early morning, defend 8350 above, and target 8000-7900.

Ethereum: Driven by the decline of Bitcoin, mainstream currencies have followed the decline. The next day, Ethereum suffered a setback in the intraday session. Last week, after testing the 179 support, the daily line rebounded continuously, but fell again the next day, giving up the weekend gains and fell below the 179 support. Refresh the recent new low. On the daily trend, Ethereum has a tendency to break down, but it is not completely sure at present. Although the daily short-term has fallen below the 179 support, the daily K is not in the form of a complete fall. A break of the daily line may be a false break, so the trend within the day is needed to judge the break of 179. If the daily K continues the big Yin line, the break of 179 can be confirmed structurally. On the contrary, if it rebounds and closes positive within the day, then the daily line of Ethereum will still fluctuate The structure remains unchanged, so intraday trends are crucial. From a short-term perspective, the four-hour continuous negative decline and refreshed the previous low. The lowest test of the 175 line the next day, and the upper high point is also constantly moving down. The four-hour trend is more short-term, both overall and in the short term; There are signs of a rebound, but there is a demand for repair on the indicators, so I personally do not recommend blindly chasing short positions in the early trading. In terms of operation, I suggest rebounding and shorting.

Market investment is often about cultivating the mind before making money. How can one survive in this cruel market without a good attitude? Everyone comes here with the purpose of making money, but how many people can stand out from it? Of course, no matter how good the mentality is, it needs to be supported by profits, and the two complement each other. Mentality determines success or failure, and it is choice that determines profitability. Note: This article was originally created by Feng Chuhao, please do not plagiarize, if it is reproduced, please indicate the author; the suggestion is for reference only, and the operation risk is borne by oneself!

Market investment is often about cultivating the mind before making money. How can one survive in this cruel market without a good attitude? Everyone comes here with the purpose of making money, but how many people can stand out from it? Of course, no matter how good the mentality is, it needs to be supported by profits, and the two complement each other. Mentality determines success or failure, and it is choice that determines profitability. Note: This article was originally created by Feng Chuhao, please do not plagiarize, if it is reproduced, please indicate the author; the suggestion is for reference only, and the operation risk is borne by oneself!