The market has been sluggish for many consecutive days, and there is a greater possibility of a rebound in the later period
【News】
【News】
Since July this year, the Federal Reserve has cut interest rates at three consecutive monetary policy meetings. In less than four months, it has cut the federal funds rate by 75 basis points. In the early hours of the 12th, Beijing time, the last Federal Open Market Committee (FOMC) interest rate meeting of the Federal Reserve ended this year. As expected by the market and institutions, the Fed pressed the pause button on interest rate cuts after "three consecutive interest rate cuts".
This move has been signaled before. Last month, Federal Reserve Chairman Jerome Powell's testimony at a related U.S. Congressional hearing suggested that as long as the economy remains on its current growth trajectory, another adjustment in interest rates is unlikely in the near future. The previous "precautionary rate cut" measures also took time to digest.
Regarding economic expectations for this year and the future, Fed officials believe that they are generally optimistic.
【Recap history】
The recent market situation is really grueling. Many friends feel helpless. Don't panic, there must be a way before the car reaches the mountain. We have paved the way. V: YG668860 You decide whether to go or not.
BTC: The market has been sluggish for many consecutive days recently, and it has not been able to give a clear direction trend, and there are almost no major fluctuations in the trend within the day. Only at the end of the evening or during the early hours of the morning may there be a relatively large accelerated market. I believe that many investors are in a confused stage at this moment. Therefore, we make a bold guess about the trend of the big pie in the later stage, and share it with you briefly here: First, let’s analyze from the daily line level. The current main trend is short. There is no doubt that the price is below the middle track of the Bollinger Bands, and the bottom support is in the area of 7100~7000, but at this time the daily MACD is in a golden cross state, and the slow line is dragging the fast line upward. The price is likely to step back around 7000 points again. From the analysis of the weekly line level, the support level of the 60-day moving average is at 6950, which is just close to 7000 points. If the secondary support level cannot be broken through by the bears, it is very likely to rebound again, and then the bulls will counterattack and start to rise in a straight line. The main pressure level is around 7600~7800. If the price effectively stabilizes at 7800 in the later stage, then the next price trend range should be 8000~9500. If 6900 points fall, the next important support level is around 6500 points. Long-term swing investors You can refer to the positions of several important nodes proposed in the above-mentioned analysis article, and make preparations for entering the market. If the price can stop falling and stabilize around 6,000 points in the later stage, then spot investors can also aggressively choose to increase their positions.
BTC Market Review: The price of the pancake opened yesterday and directly touched the support level of 7150. After failing to effectively break through, it quickly rebounded and pulled up, testing the pressure level of the middle rail of the Bollinger Band. After being resisted, the price fluctuated and fell back to the 7200 line for a while Take a break, then continue to attack, the hourly MACD golden cross, and then the price effectively stabilized on the middle track of the Bollinger Bands, and then went up again, but it still failed to effectively break through the small pressure level of 7270, and then the bears became stronger, and the price continued to fall rapidly, but still It did not open up room for continued decline, but only gave a relatively obvious short trend.
Today's analysis: After the price successfully bottomed out around 7150 today, there was a wave of rapid rise at 8:00 in the morning, the hourly line MACD golden cross, the price directly tested the strong pressure of 7300, but subject to the influence of the 60-day moving average, the price directly dropped Up to the 7100 line, the current price has the intention of rebounding upwards to test the high pressure level. There are several important points to pay attention to today, 7300, 7230, 7100. Aggressive investors can choose to sell high and buy low in this range. field operations.
Late forecast: If the price rebounds in the later period, if it can rebound to around 7250 but cannot effectively break through, aggressive investors can choose to enter the market with empty orders. If the price actually falls below 7150, steady investors can also enter the market with empty orders.
ETH market review: The trend of Prince Edward in the early stage yesterday was erratic, and it was uncertain whether it was short or long. However, during the evening session, it clearly fell below the middle track of the Bollinger Bands, and the rebound failed to stand firmly on the middle track. The half-hour MACD cooperated The golden cross, the Bollinger Bands opened their mouths, and then the short hair became strong, and the small waterfall fell, and finally stabilized around 142.
Today's analysis: After the price of Prince Edward recovered and consolidated around 142 today, there was a wave of counterattack and pulled up, testing the pressure level of 144, and then the Bollinger Bands closed, and the price directly fell below the middle track of the Bollinger Bands, and then ushered in a wave of unilateral accelerated decline , and broke the strong support level of the 140.0 integer mark, and is now in the stage of rebounding to test the support level. If it cannot effectively break through 144.00 in the short term, aggressive investors can still choose to enter the market with empty orders. Several important points to pay attention to today are 143.0 , 141.50, 140.0, aggressive investors can choose to sell high and buy low in this range.
Late forecast: If the price can rebound to 143.50 in the later period, investors can choose to enter the market with empty orders, and stable investors can wait for the price to actually fall below 141.5 and choose to enter the market with empty orders.
LTC Market Review: The price of Wright had an obvious double bottom at the 43.70 line yesterday. After that, it made more efforts and counterattacked upwards to test the previous pressure level. Before 10:00 in the evening, the price was basically in the triangle finishing range, and it did not break up and down. After 10:00 , the price directly fell below the lower support level of the triangle finishing range, and finally the price fell to around 43.20.
Today's analysis: Today's opening price fell again to around 43.30, and then the bulls counterattacked to test the pressure level of the middle rail of the Bollinger Band. Affected by the trend of Dabing, the price quickly fell to 43.00, but due to the lack of momentum in the main short trend in the later period, it failed to replenish in time , the bullish sentiment began to pick up slowly. At present, the price has broken through the downward channel, and the upper pressure level is bullish in the short term. Several important points to pay attention to today are 43.70, 43.30, 43.00. Aggressive investors can choose to sell high and sell low in this range Inhalation operation, prudent investors can choose to enter the market with empty orders around 44.00.
Late forecast: If the price can effectively fall below 43.00 in the later stage, aggressive investors can take advantage of the trend to enter the market with short orders. On the contrary, if 43.00 cannot be effectively broken and there are obvious signs of bottoming, they can backhand and enter the market with long orders.
Conclusion: The above analysis is for reference only. Investment is risky, and you need to be cautious when entering the market. Real-time understanding of market trends, participation in interaction, attention to the Tintobi team, and you can contact us, join the mustard circle community, and get real-time opinions in a timely manner. Thank you for your support and careful reading of the article! The Tindaobi team only does the most professional technical analysis and is your little financial steward.
