Bitcoin market analysis on January 10 All-day analysis: Market shrinkage needs to be stabilized
Today's Information
Today's Information
market analysis
Market review
In the early morning of yesterday, Bitcoin fell below 8000, and fell to a minimum of 7875 at 5 a.m.; although it rebounded to above 8000, it failed to stabilize above, and then entered a downward trend of shocks; the highest trend was at 4 a.m. today It rose to the 7996 position, and quickly fell back to the 7800 area after being blocked at this position. It is currently in this area for consolidation.
market analysis
The recent trend is changing. From the daily chart of Bitcoin, after the trend broke out and rushed to a high level, the pressure on the upper space was loosened. The price quickly fell back from the high level, and a large amount of funds flowed out. The market was dominated by bear sentiment. Continuing the decline, the current minimum has fallen to 7751, the 5-day moving average rose to 7860, and the 10-day moving average rose to 7578 to form support. Judging from this fall, if the follow-up trend can continue to be adjusted above the 10-day moving average, the bulls will There is still a chance to continue to attack.
In the attached indicators, the MACD continues to rise above the 0 axis but has gradually slowed down. The STOCH indicator is above the 50 horizontal line and is continuing its dead cross downward; combined, it has entered a downward trend of shocks in the short term, and will continue to adjust downward in the future The author Chen Chuchu believes that although the recent market selling pressure has been severe, the overall trend has not completely changed, and the situation may continue to reverse. It is recommended to operate at high altitudes and lows, and prepare for low-point layouts at any time.
operating strategy
operating strategy
1. At this stage, you can follow up empty orders around 7900-8000, and take profit in the 7700-7600 area;
Message from Chen Chuchu:
When your talent can’t support your ambition, you should calm down and learn. When your ability can’t control your goal, you should sink down and practice. Only through learning, trading, and summarizing, can you learn You will understand that it is not that you are not accepted by the market, but that you were unwilling to change before. There are two types of investment, one is physical investment, which is to solve food and clothing, and the other is spiritual investment, which is to realize the value of life. It is a game and race against human greed and fear.
