12.6 Analysis and strategies of mainstream currencies
Preface: Life is like a chess game. I am willing to be a pawn. Although I move slowly, have you ever seen me take a step back? Keep going and you will meet a better self! To every persistent friend!
Market review: Yesterday's market was really interesting, with a daily fluctuation of more than 3,500 points. During the Asian session, it was still fluctuating slowly around 41,700 for repair. At the beginning of the European session, the price of the currency first had a wave of inducement to short selling, and then began to rise violently with no end. It was not until this morning that the daily line closed at a high of around 44,500 that there was an initial correction. The current price of the currency is around 33,700.
Market analysis: From the daily chart, there is no doubt that the market is absolutely strong. The market closed with a long positive again, which is a very obvious unilateral trend. Therefore, the main focus is on long positions. The subsidiary indicators open upward and the long positions continue to increase in volume, and the long positions are still continuing.
From the temporary perspective, the market began to show signs of a pullback after reaching 44,500, and the subsidiary indicators also showed signs of forming a death cross. At the same time, the bulls were shrinking. It is normal for such a rapid rise to have a pullback, but there is no clear low point at present.
BTC intraday operation suggestions: Buy when it retreats to around 33,600, with a target of 44,500 (because there is no specific low point of the band yet, this strategy needs to be coordinated with the specific price behavior, so the point will not be particularly accurate). Of course, it doesn’t matter to the aggressive ones, just buy on dips.
The above analysis is for reference only and does not constitute investment advice.
