[Market Research Report on February 16th]
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(Daily quotes will be updated starting today)
Macro market:
The S&P SPX500 continues to see a volatile upward trend. As mentioned before, the target of around 5100 has basically been achieved. It has not seen any weakening and continues to see a volatile upward trend. The key support of gold XAU 1988 is in effect. If it does not fall below, it will continue to rebound. If it falls below 1920, it will weaken. The double bottom structure of the U.S. dollar index DXY is established, and the target has reached the first place.
BlackRock's purchasing power has declined, and not only BlackRock, but Fidelity has also shown signs of reducing its holdings.
Crypto Market:
1. There are a lot of changes of hands and profit-taking exits in this period of BTC, but it is consuming the weekly level range. Once the order consumption is completed, it can target the weekly marginal imbalance area and the weekly supply area, and clear it. and stayed above 53.5k cleanly/strongly. The market offers opportunities to purchase additional spot positions at sub-40k levels or in weekly demand zones. Won't buy more at 52,000.
2. Monthly chart, then there is no order imbalance area above 54k, technically the price needs to balance the price range of all closing candles, and balance the buyer imbalance and seller invalidation, starting from 37k to the monthly bullish OB 29.3k, and then at It rebounded to all-time highs after April. Once global liquidity slows down, so does Bitcoin's primary driver, and we will see weakness in Bitcoin. However, the current trend still has not changed, so do not try to short the current strength.
3. BTC 5.2-5.4 is the standard allowed reversal level. It is also the place where the last wave of market led the crowd to leave. At the same time, the technical level is also ma120 (the turning point of the previous wave of market), so enter the market on the left side of this position. The stop loss is enlarged to 5.4, and the 1h channel is drawn on the upper and lower edges during the day, and the right side of the play is observed to fall below 5.1
The trend remains unchanged. Judging from the structure of the shoulders, the ultimate target is around 5.4.
Support 4.83 4.5 5.08
Pressure 5.4 5.8
4. This Ether exchange rate is the reversal bullish range given in January. This is one of the reasons why the following paragraph always focuses on Ether and the Ether system. Therefore, there is really nothing to say about Ether. Let’s shout from 1700 , Ethereum shouted at 2200 on the day when the pie was 3.85, and even the 2235-2250 on the left entered the market, the points were all there, 4h was around MA20, and the Bollinger Bands were running on the middle track. If it is below here, the structure could be considered to be weakening, otherwise the target remains unchanged, 2988 3200 3500 three places, target three places pressure
The trend has not changed. Go against the small and follow the big. Take more profit and move more.
