Boom, boom, bulls are going crazy
Bitcoin hit a new high again the next day. After the price broke through the 30,000 mark, the bulls were out of control. The top hit the 34786 line. This position is indeed too sudden for many friends. We may guess that the price will rise further this year. , but unexpectedly, it only took two trading days to raise thousands of points; under such a strong market trend, it directly ignited the enthusiasm of investors, which is a good thing, but here I still want to advise everyone to Be rational, don't blindly follow the trend and operate blindly. Not everyone can make money in the bull market. Only by reasonably controlling risks, carefully analyzing the trend, and prudently trading every order can you truly survive in this market. I always think that the market will always be To be fair, you should reflect on your own problems as soon as you make a mistake, because you can’t control the market, but you can control yourself. If you insist on going your own way and make mistakes again and again, you will be the next one to be eliminated.
Going back to the trend itself, there is an old saying that the higher you climb, the harder you fall. This sentence seems to make sense but it is also unreasonable. It depends on how you climbed up. The strength to climb up is called ability, even if you fall down, you can go up again; combined with the current trend, the rapid rise of Bitcoin after breaking through and stabilizing at 30,000 depends on your own ability, and the trend is from 10,000 to 20,000 to 30,000 Wan, this round of trend has lasted for two months, not a flash in the pan. As for where it can continue, there is no clear top. Only when the market shows stagflation or reversal signals during the operation, we will consider this round of uptrend Whether it is the end, and as far as the current trend is concerned, the bulls are still the trend.
Analyzing the short-term trend, the upper shadow positive line recorded on the daily line after the high and low the next day, although it closed positive, the short-term price began to weaken and pull back at the end of the day, and it was also under pressure after the second rebound within the day, so I personally think it is still Be cautiously bullish, because the increase in the past two days is too terrifying, and adjustment is a very normal phenomenon. This is the trend of the law. Of course, the short-term callback I emphasized does not conflict with the bullish general trend mentioned above. One is the overall operating structure. One is the band structure; the current high level of the hourly line is moving down, and the lower part tested the support below 32400 twice. This position is the focus of our attention within the day. If we can’t test it, we will continue to follow this position. The target is 33800, which is also given the next night. For reference, if the next short-term effectively falls below this position, wait and see and wait for the short-term to stop the decline before going in and looking for a rebound. It is not recommended to go short under the current trend. Multi-analysis strategies are subscribed to Gongzhonghao Feng Chuhao.
Support level: 32300-32400 Resistance level: 33800/34600
Ethereum: What can I say after breaking the thousand mark? It is the next Bitcoin. It started to rise wildly after breaking through the 1000 retracement in the short term in the morning. The current price is approaching the 1100 mark. In this market, there is no need at all. Too much analysis, just follow the market, aggressive people follow the trend to buy more, steady people step back and buy more, just control the profit by yourself.
