Today's market analysis:
BTC: After entering yesterday's suppression range of 58891~59677, it rose and fell. The support level of 57400 mentioned in the video analysis once again provided an opportunity for a rebound. What do you think of the current market? First of all, whether it was yesterday's high of 59476 or this morning's high of 58386, BTC was suppressed by the downward daily MA10.
However, in detail, it did not fall below the daily MA5, which is why I mentioned yesterday that the daily oscillation structure of BTC has entered the middle stage. From the hourly line, the short-term support is still at 57400, and this support level is mainly used as a defensive point. After an increase, the rebound space is limited. The operation opportunity is the same as yesterday, mainly waiting for the reverse operation after the price leaves the range (i.e., short first when it rises, long first when it falls).
The support range is 55860 (short) ~ 55210, and the suppression range is 59677 ~ 60376.
ETH：
ETH's trading activity is relatively low, and the current local fluctuation range is 3044~3139. The fluctuation range of less than $100 is lack of operability, and it is mainly waiting for the callback operation after breaking through the range.
The support range for the departure section is 2974~2933, and the pressure range is 3256~3204. Whichever point is reached first will be the first point to be traded.
Regarding altcoins: Today may be the last day of this stage for those who are optimistic about altcoins. Specific trend signals will be given in the community in the evening!
SOL: The overall fluctuation range is not large, so yesterday’s general idea remains unchanged
ZRO: Yesterday’s four-hour line fell back from the high and closed with a negative line, giving a short signal. If it falls below 3.6 during the day, it will continue to be bearish;
SATS: The current trend is very strong, and the upper capital market pressure is in the 26-28 range. Focus on the 4-hour line, which hit a high and then fell back to close with a negative line, giving a bearish signal!
The above are personal opinions, not suggestions, just for sharing
It is worth noting that the CPI data will be released tonight. In recent months, the release of CPI data has often become a watershed in the market, and the long-short game has entered a white-hot stage, which is expected to break the current shock deadlock. At this time, it is necessary to reduce the leverage coefficient to avoid accidental injury. The current bull market came too early, and it is easy to get dizzy if you get up too fast, and you may even stumble if you are not careful. In the currency circle, only those who are ready to die and live for death can laugh to the end.
Today, Xiao Miao will not recommend potential coins. I will bring you a special topic: How to choose among the three coins DYM, SAGA and TIA? Read on 👇🏼
(1) Judging from previous performance, TIA is undoubtedly stronger. It has experienced a nearly tenfold increase since its launch, indicating that its market maker is very powerful. However, we cannot use this as the only criterion for judgment. We also need to consider factors such as the concentration of chips and market recognition.
(2) From the market perspective, SAGA and DYM both rebounded to near the short-term pressure level. The subsequent performance is particularly important. We need to observe which target has a more effective breakthrough and a stronger momentum, and then choose that target to build a position. The momentum here mainly refers to the strength of the breakthrough, including space and time. A breakthrough with a short time and a large space indicates strong strength and momentum.
(3) From the perspective of return on investment, SAGA and DYM may have greater profit margins, but also higher risks. TIA rose nearly tenfold after opening, and the dealer may have sold a lot of stocks. Relatively speaking, the concentration of chips may be smaller, and there are more locked-in stocks above. However, TIA has the most active main funds among the three targets, which is very obvious on the market. Although the overall trend is downward, TIA often rises by 20 to 30 points during trading.
Therefore, it is recommended to divide it among TIA, SAGA and DYM in the ratio of 6:2:2.
That’s all for today’s article. We are currently in a bull market, and things are turbulent. We share passwords every day.
