Market Review
After yesterday's morning close, Bitcoin fell rapidly and is currently trading around $67,200. The daily chart shows that the price entity fell below the MA30 moving average and entered a downward trend. The original support level of $68,300 has now turned into a short-term suppression level. Therefore, it is recommended to short on the daily rebound.
technical analysis
Daily chart
Trend: The price fell below the MA30 moving average and entered a downward trend.
Support: $66,000 (short-term support).
Suppression: $68,300 (former support now turns into suppression).
Four-hour chart
Bollinger Bands: The Bollinger Bands opened down and have not been repaired yet. It needs to be strongly repaired to the $67,900 level to stop the decline.
Key position: $67,900 (position that needs to be repaired strongly).
One-hour chart
Bollinger Bands: After the Bollinger Bands fell, the high was suppressed at $68,000, and the short-term support was at $66,000.
Oscillation range: It is recommended to pay attention to the oscillation repair in the range of 66,000-68,000 US dollars.
Recommendations
Based on the above analysis, Bitcoin is currently in a downward trend, and the possibility of a short-term rebound is small. It is recommended to short the rebound. The specific operation suggestions are as follows:
Pre-buying order operation
Short range: $68,500-68,000
Stop loss position: 500 points (ie $69,000)
Target position: 500-800 points (ie 67500-67000 US dollars)
Market Review
Ethereum price failed to get support at $3,600, indicating that the gap below needs time to be repaired. Currently, on the daily chart, Ethereum is filling the gap. It is recommended to pay attention to the consolidation of the low point in the range of $3,300-3,500. For short-term contract trading, it is recommended to focus on rebound shorting.
technical analysis
Daily chart
Trend: Overall action of filling the gap below.
Support: $3300-3500 (gap filling area).
Strategy: Mainly short selling on rebound.
Four-hour chart
Support and resistance: The previous strong support of $3,550 may now turn into strong resistance. The short-term support below is $3,400.
Key positions: US$3,550 (strong suppression position), US$3,400 (short-term support).
Recommendations
Based on the above analysis, Ethereum is currently in the process of filling the gap below. Short-term rebound shorting is the main strategy, and aggressive short-term longs can be made at the support level. Specific operational suggestions are as follows:
Pre-buying order operation
Long range: $3410-3440
Stop loss position: 50 points (ie 3360-3390 US dollars)
Target position: Target 60-90 points (ie 3470-3530 US dollars)
K-line is king, trend is king. We have been focusing on BTC and ETH spot contracts for many years. There is no 100% method, only 100% following the trend. If you are stuck, you can read the articles on the homepage to find the blogger, who will help you get out of the trap professionally! If you can't grasp the market, you can get the precise position every day in the community!
