The decline in Bitcoin shorts continues unabated, and the bottom is expected to explore 7750 again
Bitcoin: After falling on Monday, Bitcoin continued to drop to the 8000 mark the next day. It started to go down from the 8200 line in the intraday, and fell below the 8000 mark at night and then maintained a narrow range after bottoming out around 7990. The daily line was also at last week's After the adjustment, a continuous negative decline has been formed this week, but the strength is not very strong. The overall daily line still maintains a weak downward trend, but the short sellers are obviously suppressing prices. , in the adjustment process after the rebound at the end of October, Bitcoin did not complete the second rally. Instead, the price continued to fall below the lower support during the shock and then went down. After the 8800 effectively fell, it indicated the break of the shock structure , and the short-term 8000 mark is also facing the risk of falling below. Judging from the current trend, it is only a matter of time. As a result, Bitcoin's daily line has returned to the test of the key support level of 7750, and this position is also determined. This round of short-term short-term continuation of the watershed. From a short-term perspective, the four-hour period still maintains a step-wise downward rhythm. At present, the short-term arrangement is at the 8100 line, and the upper part is under pressure at 8150. The upper Bollinger Bands of the indicators are running, and the K-line has the potential to continue to explore the lower trajectory. The track showed an obvious short trend, and the overall short position remained unchanged for four hours; the four-hour rebound was very weak, and the short position was much stronger in comparison, and the overall volatility during the day was not large, but the price is expected to continue to refresh at night, so in operation, pay attention to the public account Feng Chuhao Take advantage of the trend and go short, relying on the sky around 8150 above, defending 8250, and looking at 7800 in the short term.
Ethereum: On Monday, Ethereum touched below the 179 mark with the big Yin line of the entity, but it cannot be confirmed as a breakout from the perspective of the daily line, and the daily line has completely fallen below the support of the 179 mark after the next day's continued decline, so the current trend is The upper daily line has formed the conditions for breaking the position, so the trend of Ethereum has also changed from the previous range shock to the downward trend of breaking the position. The bulls weaken and the bears strengthen. In the short term, Ethereum is expected to usher in a continuous downward trend. In the short term, focus on the 170 first-line support , this position will be the first target position for short-term short-term testing. If 170 is effectively broken, the lower part will test the year's low of 153 again. In the short term, it bottomed out at 173 the next day and then rebounded in the short term. However, due to the overall short-term suppression, every rebound in the four-hour trend is only for a better decline, and the rebound also provides us with short-selling opportunities to expand the short-term range; hourly line After rebounding at 177.5 in the day, it started to go down. The hourly Bollinger Bands were flat, and the short-term top 178 was under pressure. As long as the intraday rebound does not break this position, the short-term will still maintain the downward trend. It is the entry point for empty orders, directly below 170.
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!
