BTC rushes high and falls back to adjust, XMR repeatedly inserts pins under pressure

BTC (Bitcoin): Following the stabilization of the market over the weekend, BTC gradually became more volatile. In the Asian market, BTC maintained a volatile downward trend and touched the 7,450 USD area. After that, it stopped falling and rebounded throughout the European and American markets and broke through the 7,600 USD mark again. The top touched the intraday After a high of $7,653, it fell back under pressure. As of this morning, BTC continued to fall and broke through the $7,300 mark. The short-term surge brought it back above $7,300 for adjustment. Judging from the trend from the end of last week to the next day, the BTC bulls rebounded well in the weak position. Unfortunately, they were suppressed and gave up most of the gains in the end. The short-term trend returned to shock again. The high level of 7650 US dollars was successfully taken out. The volatile market has no continuity, and the ups and downs are basically affected by the main force. At this time, many retail investors swept short orders and then swept long orders. Faced with better point opportunities, they dare not enter the market. If you have a lot of losses, you will be afraid in your heart. For such a market, many people say that "novices are afraid of one-sided, veterans are afraid of shocks", which makes sense, but there is no large-scale unilateral market in the bottoming stage of the market, on the contrary, it is more of a back-and-forth shock The market is disturbing the hearts of leeks. Teacher Tan emphasized too much about the volatile market. As long as you don’t chase the rise and kill the fall, there will still be profits. It depends on whether you are greedy or not.

At this stage, BTC is basically in a state of adjustment after breaking through the $7,800 mark from the bottom of $6,530 and falling under pressure. There are endless debates about whether the market is long or short. It doesn't make much sense for the short-term, and there is no clear direction for the long-term. Relatively speaking, the market is still under pressure. The leeks only look at the final profit results, and Mr. Tan only looks at the real-time market for analysis and guidance. For today's trend, Mr. Tan suggested to focus on two points first. The upper part is still the resistance zone of the $7,500 mark, and the lower part is last week's low support level of $7,100. Due to the unexpected closing of the daily line and taking back some of the gains, the market once again traded around $7,300, and the overall trend is still under suppression. Therefore, in terms of its operation, Mr. Tan still recommends keeping the idea of ​​selling high and selling low. If you break through, you can change your thinking and follow the trend at that time.

Short-term upper resistance level: 7500/7700 Short-term lower support level: 7100/7000

BTC (Bitcoin) real-time operation suggestion: the first rebound is around 7500, short short, stop loss 7650, target around 7320;

EOS, XMR (Grapefruit, Monero): The trend of EOS is still similar to that of BTC. A negative line on the daily line directly retreated for four days and rose slightly. After falling below the 2.7 mark, EOS was under pressure again. Affected by the break, EOS dropped to 2.62. It has rebounded slightly but is still under pressure. Regarding today's trend, Mr. Tan is still in a weak position (2.6-2.72). The XMR daily line continues to be under pressure and collects the cross Yinxian, and the overall bearishness is under pressure. In the short-term, it is still as the teacher said, long and short repeatedly inserted pins, and shorting at highs is more stable than doing longs at lows. This sentence is in today's trend. China is still valid, and today we will focus on the range of 53-55.5 dollars.

(Text/Talk about Yu Kai)

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(Text/Talk about Yu Kai)