Bitcoin rebounded and fell back for the second time after adjustment, and the bottom pre-challenges a new low
Bitcoin: Bitcoin continued to close down the next day. The daily line recorded three consecutive negatives after bottoming out and rebounding last week. The daily line is still under obvious pressure, and the short-term rebound correction may end. The key support below the daily line is 6900 , if this position falls below, it is expected to continue to create new lows in the future; from the perspective of the trend, Bitcoin is developing in a short-term, whether it is a large cycle or in the short term, and the occasional rebound on the daily line is just a flash in the pan, which cannot destroy the short structure at all. It was formally formed after the month's high of 13880. Although the big cycle is only a drop in the form of shocks, the price has been falling. So don't imagine the rebound market with a changing trend at present. The wave rebound may be for the next one. New lows and energy. In the short-term trend, Bitcoin fell back under pressure for the second time last weekend. Although there was a rebound of more than 1,300 points during the session, the daily line was still under pressure. The rebound did not break the upper resistance. After the pressure, the price still had to continue the previous trend. Currently The upper 7700 is the key watershed to determine whether the short-term bulls can strengthen. If the rebound does not break through this position, Bitcoin will still be short-term in the short term, while the lower 6900 is currently the key support that determines the second downside space. This week, we will first pay attention to the price trend changes in the 6900-7700 range , In the short-term, Bitcoin rebounded above 7850 and fell back under pressure. The current trend is inclined to fall back and test 6900. Therefore, in the short-term operation, Feng Chuhao, the manager of Zhugong M, suggested that the rebound should be mainly short, with the top 7350 empty and the bottom target 6900.
Ethereum: The short-term trend mainly follows the trend of Bitcoin. Last week, it pulled back after hitting the 158 line. The next day, it closed down again. The daily line recorded three consecutive negatives. Below the daily line, focus on the 141.5 support. This position will determine the continuation of the subsequent short position Once the daily line falls below this position effectively during this pullback, the price is expected to form a second breakout. Otherwise, if the support is not broken, a round of shocks is expected to start in the short term, while the top is the previous week's high of 158. Resistance suppression point; 148-146.5 two positions below the short-term four-hour line support, the short-term K-line high point is moving down, and the short position is suppressed in the trend. Pay attention to the 146.5 support within the day. If it breaks, it will continue to go down. Goal 144.
Litecoin: The rebound of Litecoin after bottoming out last week was relatively weak. With the closing down of the next day, K also basically gave up half of the gains of last week, and the price has also touched the real part of last week's stop-fall positive line. At present The key support below the daily line is at the 44 mark. Once the daily K effectively falls below this position, there will be a new low;
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!
