Bitcoin's short-term stop and shock adjustment, focus on 7350 resistance at the top
Bitcoin: After bottoming out at 6515 on Monday and rebounding, the daily line ushered in a short-term stop-fall adjustment. The next day, it rebounded again in the short-term around the 7100-line shock. The overall trend is still in line with my analysis expectations. After falling, it rebounded and closed at a new low on Monday, but the daily line is still in a state of obvious suppression, and the rebound does not mean a reversal. If the price rebounds and stops falling after a round of trends, it is likely to be an adjustment. From the current point of view, it is in line with the adjustment rhythm. Although the daily line is rebounding, the price has not actually risen effectively. The short-term above 7350 is under pressure. The four-hour line Bitcoin began to adjust the range after rebounding at 6515. After falling back in the day, it rebounded strongly in the short term again. The four-hour Bollinger band went flat and built a shock channel. The K line broke through the middle track and approached the upper track. The four-hour key resistance 7350, if this position is stabilized in the evening, the short-term rebound will continue. On the contrary, if the price is under pressure, the price will continue to fluctuate downwards and test the lower support; the hourly Bitcoin rebounded strongly. The continuity of the line is better. It is recommended to rely on 7380 for shorting in the evening operation, defend 7460, and target 7000 below.
Ethereum: After bottoming out and rebounding on Monday, the daily line temporarily stopped the decline this week and recorded two consecutive positives. It continued to rebound after touching the 141.4 line within the day, but the daily line is still moving down, so the short-term rebound is strong It is not strong, and the daily line is still under pressure, but we need to beware of rebound adjustments, but the general trend is short; the four-hour short-term sideways adjustment, the Bollinger Bands go flat after opening downward, and the K-line short-term Breaking through and standing firmly on the middle rail line, the upper short-term pressure is 150. This position is also a watershed for short-term strength. If the price stabilizes at this position, then Ethereum may form a rebound adjustment. On the contrary, if it is under pressure, the daily line will continue to show In a downward trend, it is recommended to try to short around 150 in the evening operation, defend 153, and target 144 below.
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!
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!
