Bitcoin stopped falling and rebounded, intraday market analysis and operation
Bitcoin: Bitcoin launched a continuous rebound this week after bottoming out at 6515 and regained some of its decline. This wave of rebound after the sharp drop was strong. It was originally thought that the price would form a second decline after the rebound was repaired, but According to the current trend, the rebound is still continuing, and the price is close to the suppressed position of the daily downward trend line. The key node of this week's rebound is 7350. After breaking through and stabilizing this position, the price will rebound and strengthen in the short term, and the rebound potential of the daily line is also strong at present. There is no sign of weakening, but the general trend of Bitcoin is still short. Even if there is a wave-like rebound, don't blindly chase the rise.
On the daily trend, the short-term rebound was good. The next day, the price stepped back to 7420 and rebounded to a maximum of 7870. The short-term price also stood above the 7700 mark. The daily Bollinger Bands went down but there was a shrinking trend. The daily K rebounded after falling below the lower line. The short-term moving average continues to diverge, showing a short-term development, but the daily K short-term breaks through and stabilizes above the MA5 moving average. The 7700 mark of the daily line is the short-term key. If the daily K can stand above this position, the short-term price is expected to return to the 8000 mark; the four-hour line price The short-term volatility is higher, the K line breaks through and stands above the average of each cycle, and the cycle average turns upwards, the four-hour Bollinger Bands open upward, and the K line is approaching the upper track. Rebound, the upper target is 8000.
Ethereum: With the continuous rebound this week, Ethereum also temporarily got rid of the previous short-term continuous downward pressure, but whether the daily line can build a V-shaped reversal trend requires follow-up continuity; the trend of Ethereum is currently The rebound does not constitute a reversal condition, but there is no sign of pressure in the short-term, and the daily indicators are still short-term, but the short-term daily K breaks through above the MA5 moving average, and the upper resistance focuses on 166; the four-hour short-term shocks go up, and the K-line Relying on the rebound of the MA5 moving average, the short-term resistance is 156. If you stand firm at this position within the day, the short-term bulls will continue to rebound and refresh this week's high. For intraday operations, I personally recommend doing more below 153, with a target of 158-160.
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.
