Bitcoin daily trend line suppression, evening trend analysis and operation

Bitcoin: After bottoming out at 6515 last week and rebounding continuously, Bitcoin stagflated and fell back last weekend. The daily line failed to effectively break through and stabilize above the 7700 mark. From the current point of view, the suppression effect of the downward trend line of the daily line is more obvious. The daily K It also happened to fall back after touching the trend line; the article emphasized last week that a rebound does not mean a reversal, especially after a round of sharp decline or rise, the market often needs reverse development and repair or shock adjustment, at least for now In other words, we can’t blindly judge that 6515 is the bottom, because the daily line is still in a state of bearish suppression, and the daily line is currently experiencing continuous callbacks. At present, the key support below is the 6900 line. If it falls below this position, there will be new lows in the future . In the short term, Bitcoin fell back under pressure again after last week’s shock and upward movement. It continued to fall back from above 7800 over the weekend, and rebounded after testing 7140 below the day. , the K line fell below the middle rail line and forced the lower rail line, and the short-term moving averages diverged downwards, showing a short-term development. MA5/MA10 is dead fork and MA10 is under pressure at the top line of 7330 in the short term. Focus on the resistance of 7450 above the four-hour short line. The trend is bearish; 7330 above the hourly line is also under obvious pressure. If the rebound does not break this position in the evening, the price will continue to pull back. Therefore, it is recommended to rely on this position for short-term operations in the evening. The short-term target below is 7000.

Ethereum: Ethereum also fell under pressure after last week’s wave-like rebound adjustment. Last week, it pulled back after hitting the 158 line. The daily line recorded two consecutive negatives and continued the short-term downward trend within the day. Below the daily line, focus on 141.5 Support, this position will be the watershed that determines the continuation of the subsequent short position. Once the daily line effectively falls below this position during this fall, the price is expected to form a second breakout. Otherwise, if the support is not broken, a round of shocks is expected in the short term , while the top is last week's high of 158 as the resistance suppression point; the four-hour Ethereum short-term pressure is obvious, the bottom is focused on the support of 147, the top is 150 resistance, and the rebound at this position in the evening can be empty, and the bottom target is 144.

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!