QKL123 Investment Research: Market Sentiment Restoration, Mainly Short-Term Shock
Market overview:
Following the triangular convergence mentioned in the previous report, choose the direction downward, and pay attention to the position below. BTC, ETH, and DOT all stopped falling at the positions drawn in the article; according to the QKL123 contract data, the Binance Bitcoin perpetual contract Open interest increased by 12%, BitMEX Bitcoin perpetual contract open interest increased by 9.4%, OKEx Bitcoin quarterly contract open interest increased by 5.6%, market sentiment is being restored, the market may be dominated by shocks in the short term, and appropriate attention can be paid to the value of DeFi series currency.
BTC/USDT review analysis
As shown in the figure, after Bitcoin fell below the convergence mentioned in the previous report, the decline was effectively stopped at the blue support area below, and then rebounded to the lower edge of the triangle convergence (anti-pressure line). The rise confirmed the short-term pressure level. Although it failed to break through directly, it has covered the CME bitcoin gap position of 32300-33210 this week. If it stands above 33800, it is expected to hit the target around 35600. The lower part of 30300-30900 is the short-term support area, and the mid-term attention Around 28000.
ETH/USDT review analysis
As shown in the figure, Ethereum was brought down by Bitcoin at the critical moment of breaking through the previous high. The blue rectangle drawn in the previous report effectively stopped falling around 1050, and then came out of the rectangular shock around 1200-1250. Yesterday morning ETH/BTC The exchange rate broke through first, and the ETH/USDT trading pair also broke through the rectangular finishing range and rushed to the previous high. The short-term support of Ethereum is around 1300, and the mid-term is still focused on the blue rectangular range of 1050.
DOT/USDT review analysis
As shown in the figure, Polkadot funds are relatively strong. During the decline of the market, it only consolidated at the first level of support drawn in the previous report. Although it failed to break through the subsequent two surges, it has diluted the previous high selling pressure and adjusted The low point keeps rising, so we can focus on the previous high pressure level near 19, and still pay attention to the third gear support level of 14.8/12.9/10.8 below.
This article is for reference only and does not constitute any investment advice
