Downtrend remains intact, bears dominate
【News】
【News】
Jins, an analyst at CoinToday World Research Institute, believes that the trading volume of BTC has been stable during the recent unilateral correction, and the 24-hour trading volume has basically remained above 17 billion US dollars. Looking back at the volume and price performance in the first half of 2019, the volume can be comparable to the volume after May 11. If BTC continues to maintain this volume performance, it means that its market activity is relatively high. Once it falls below $6,500, there may be a strong rebound.
The reason is that in the highly active volume and price trend during the decline, there are more opportunities for the currency price to rebound, which is the result of a full game between long and short.
At present, BTC's on-market trading activity has increased slightly, which is believed to be related to the price breaking down. However, the number of currency-holding addresses continues to decline, indicating that many investors have fled the market. In the short term, the concentration of currency holdings is increasing, and the bulls are not without opportunities in the next market. The key is to properly buy in the low price zone while grasping the adjustment rhythm.
【Market review】
【Market review】
【Technical】
【Technical】
BTC market review: The price of the pancake was around 7100 yesterday. After a short rest, the shorts were weak and the waterfall fell. The price was around 6800, and then began to enter a long-term rest state. We gave a rebound around 6850. Congratulations! Investors who operate strategically, kill both long and short, and gain a lot.
Today’s analysis: Today’s opening price had a small rebound after testing the support level of 6500. However, due to the suppression of the 10-day moving average, the price continued the previous trend and continued to fall unilaterally, and finally stabilized around 7650. Signs of a double bottom appeared, and the bulls counterattacked , began to rebound, pull up, several important points to pay attention to today, 6700, 6650, 6600, 6550, aggressive investors can choose to sell high and buy low in this range.
Late forecast: If the price can fall to around 6550 again in the later period and cannot effectively fall below this price, you can enter the market with a backhanded long order. If the entity falls below 6500, you can enter the market with an empty order.
ETH Market Review: Yesterday, Prince’s trend was exactly the same as that of Pancake. It also fell at 2 o’clock in the morning, and fell strongly below the 140 support level. support level.
Today's analysis: Today's opening price rebounded slightly, but the bears were strong. The price fell unilaterally again at the 128.5 line, and then stabilized at the 120 line, digesting the kinetic energy. The daily moving average was suppressed, and the price began to fluctuate and fall. There are several important points to pay attention to today: 128, 125, 122, and 120. Aggressive investors use 123.00 as the central axis to sell high and sell low.
Late forecast: If the price falls below 120 in the later period, aggressive investors can choose to enter the market with short orders. If the price can stand above 123, they can enter the market with long orders.
LTC market review: The price of Litecoin fell in the early morning of yesterday, and fell strongly below the 42.00 integer mark. After that, the price has been oscillating and resting below the middle track of the Bollinger Band. Break 39.00.
Today's analysis: Today's opening price rebounded slightly, testing the strong pressure level of 39.00, and then continued the main trend of the previous day, and continued to fall unilaterally. The price stabilized at 36.50 and rebounded slightly. Several important points to pay attention to today, 39.00, 38.00, 37.00, 36.50. Aggressive investors can choose to enter the market with the idea of selling high and buying low and selling short in this range.
Late forecast: If the price effectively falls below 36.00 in the later period, aggressive investors can enter the market with short orders. If the price rebounds to around 38.00, investors can still choose to enter the market with empty orders.
EOS market review: Yuzu was also affected by the market trend yesterday, the price directly fell below 2.500, and then took a short rest at 2.330, then fell again, and the price fell to around 2.280.
Today's analysis: Today's opening price is below 2.300. After a brief adjustment, continue to open the sell-down mode. The lowest point is around 2.168. After that, it stops falling and stabilizes at this position. It is bullish and counterattacks upward. Several important points to pay attention to today The positions are 2.280, 2.250, 2.210, and 2.168. Aggressive investors can choose to sell high and buy low in this range.
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 Tintaobi team, and contact us (Watch Note Tindaobi Weixin Gongzhong account to contact help) to 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.
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 Tintaobi team, and contact us (Watch Note Tindaobi Weixin Gongzhong account to contact help) to 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.
