The key support level of BTC/ETH has been broken, and we can foresee the next new low
A good trader should first think of risk, while an ordinary trader first thinks of profit.
There is an element of greed in human nature. No matter how much you earn, most people may not be very satisfied with the income. But as an excellent trader, no matter how brilliant the past is, once you relax your risk awareness, you open positions at will or the positions are too heavy without setting a stop loss. Then the market will always have the opportunity to teach you a hard lesson, and the tuition fee of this lesson may be very huge, and even ruin your life.
Bitcoin market trend analysis:
Bitcoin market trend analysis:
After the bitcoin price rebounded to around 11,000 yesterday, it fell under pressure again, breaking through every support, and then fluctuated after falling to around 10,293 in the evening. This dive of the currency price also indicates the end of this round of rising market. The market is still in a weak position. Today we need to focus on the gains and losses of the 10200 and 10,000 yuan mark.
On the daily chart, yesterday’s diving action of the currency price once again fell below the support of 10521, the middle rail of the Bollinger Band. In the early morning of this morning, the currency price retreated after rebounding to test this line. We still need to pay attention to the gains and losses of this line today. If it continues If it is under pressure and fluctuates, then the possibility that the currency price will fall below the 10,000 yuan mark again cannot be ruled out. On the contrary, there is still hope for the currency price to rebound.
On the four-hour chart, the opening of the Bollinger Bands has been severely expanded, and the currency price continues to run outside the lower track of the Bollinger Bands. If there is a need for retracement, the operation can continue at high altitude.
If there is a broken position in the market, the author Chu Zhiwei will make real-time strategy adjustments according to the actual situation, please continue to pay attention to the author! (Please consult the author Chu Zhiwei for the specific entry point)
If there is a broken position in the market, the author Chu Zhiwei will make real-time strategy adjustments according to the actual situation, please continue to pay attention to the author! (Please consult the author Chu Zhiwei for the specific entry point)
Ethereum market analysis:
Ethereum market analysis:
