Can BTC bulls break through 11100 to open up space? Bears brewing a big storm?

There has never been a shortage of hot spots in the blockchain field, but what is lacking is concentration. In recent years, hot spots such as 1CO, fork, TPS speculation, FOMO3D, STO, transaction mining, 1EO, DeFi and so on have emerged one after another. But no matter what the concept is, the launch of each token cannot be truly verified for value at an irrational stage. The high price is not the real value, and there are too many bubbles. DeFi is no exception. The bull market will not keep rising, but the crazy surge before the big correction will indeed make people lost, and there is a feeling of turning beans into gold. If you enter blindly at this time, you will easily become a catcher. At this time, investors will directly face risks at three levels: one is the risk at the technical level, the other is the risk at the human level, and the third is the risk of being harvested by capital.

9/19 BTC technical trend analysis:

Yesterday’s trend remained unchanged at a high level of volatility, which is very consistent with the up and down fluctuations in the support and resistance given by the analysis. After the highest test of the 11030 line, it began to step back under pressure. It did not break through the previous position of the 11080 line, and the minimum step back reached the 10800 line support. On the whole, if you want to break through the trend, you need to accumulate strength. The existence of the upper 11100 line as a watershed between long and short bears the energy of short positions. If you break through with a large volume, the long positions will continue to rush upward. The first support to bear the brunt is 10600-10500. If the support is confirmed, the market outlook will continue to be bullish. From the technical point of view in recent days, the rebound began to shrink around 10100, and the bulls seemed a little weak, and there was no good news, indicating that the overall momentum was not enough, and there were signs of the main force attracting more. Therefore, it has not been able to break through the upper and lower levels in the past two days. It is expected that there will be a greater probability of stepping back after a rebound to test the pressure. Today, focus on the pressure at 11050/11100 at the top, and support at 10800/10700 at the bottom. Maintain interval operation, please control the risk! Unity of knowledge and action, a beginning and an end attitude to do things, calm down, summarize with heart, study hard, the evolution of the market takes time, time will leave a group of patient investors, and at the same time force out a group of impatient investments By! Bitcoin as a whole is in a pattern of upper suppression and lower support. It will take time to break the situation, and the time is not yet ripe. We continue to wait patiently!