You can exit the long positions of Ordi and Bome first. I feel that things are not going well these two days. I will not open any orders for the time being! Tomorrow and the day after tomorrow are very important. Brother Yu always feels that there will be a second exploration, around 51,000! $BOME $ORDI
Yesterday, Brother Yu clearly said in his blog that choosing high altitude is a good operating guide. The first half of yesterday's market was consistent with the above, with a rebound trend, and began to retrace at night, but it was not a second exploration.
Yesterday, the big cake opened at 56022, the highest price was 57736, the lowest price was 54558, and the closing price was 55134, with an increase of -1.58% and an amplitude of 5.67%
Yesterday, the second cake opened at 2461, the highest price was 2551, the lowest price was 2309, and the closing price was 2342, with an increase of -4.82% and an amplitude of 9.84%
The market is in a relatively wide range of fluctuations.
2. Analysis of today's market
The early opening showed a rebound trend. Brother Yu believes that it is just a fluctuation, and it will still come down. The pressure here is relatively large at 58000. I will analyze them one by one in the blog later.
Intraday pressure and support analysis
BTC pressure level 57800-585000-59200
Support level 57000-56200-55500
ETH pressure level 2500-2550-2650
Support level 2410-2350-2300
Today's view is still high.
3. Spot sector analysis and recommendation
The spot BB recommended yesterday belongs to the mid-term currency that is built in batches. You can continue to hold it and don't worry.
Currently, the only strong currency in the sector is the sol ecological currency. Brother Yu basically talks about it every day, WIF JUP RAY JTO, etc.
However, in the current market, we mainly do the band without pattern. We choose to exit when we make a profit, and then take it back when we step back. Including yesterday afternoon, I also reminded in the community when it was pulled up. This is the case for contract spot.
I would like to add one more thing about Audi Ordi. You can buy the spot at this price with your eyes closed and build positions in batches. When the market picks up, there is still hope to reach 100 plus! You can stop profit on the contract list yourself. The big cake is still in the range of fluctuations, and the possibility of a direct V-reversal is not high
Friends who followed Audi's long orders yesterday, around 25.5, should have a spot profit of more than 4 points at present! After the price goes up, place a protective order, stop loss above the cost, if the multiple is large, consider taking profit by yourself!
Ordi's long orders are still being held. I will prompt you to exit when you stop profit! In addition, Bome has good news today. You can consider opening a spot position around 0.0069, or a small long order! $SOL
Yesterday's market is basically the same as what was described in yesterday's blog post. After the plunge, the market entered a range of fluctuations. In fact, the currency circle is the same as real life. There must be adjustments after big ups and downs. It depends on the cycle and strength of the adjustment.
Yesterday, the big cake opened at 54018, the highest price was 57040, the lowest price was 53950, and the closing price was 56022, with an increase of +3.71% and an amplitude of 5.72%
Yesterday, the second cake opened at 2419, the highest price was 2556, the lowest price was 2414, and the closing price was 2461, with an increase of +1.73% and an amplitude of 5.87%
The intraday amplitude of the big cake and the second cake was around 6% yesterday, and the overall market entered a small rebound stage after the opening.
2. Today's market analysis
The intraday market is expected to rebound, but the overall market is still in a range of fluctuations, just a wide range of fluctuations. Judging from the futures market data, the number of shorts is greater than that of longs due to various negative factors and market factors in the near future.
Intraday pressure and support analysis
The pressure level of BTC is 57200-58000-58800
The support level is 56200-55500-54800
The pressure level of ETH is 2500-2550-2650
The support level is 2460-2400-2350
Although the market is relatively strong at present, Brother Yu believes that the probability of a breakthrough is not high, so it is selectively high.
3. Spot sector analysis and recommendation
Yesterday, Brother Yu expressed his personal views on the future trend during his live broadcast. Fans who did not watch the live broadcast can go and watch the replay. First of all, it is clear that there will be a market trend in the future. The bull market cannot end just like this. The wash of this cycle started in April and ended in August. Mid-to-late August may be a turning point. We will start a new round of layout from this moment. Brother Yu will track each recommended currency next.
GFT recommended by Tiantuan Group on July 29, with an entry price of 0.023u, perfectly avoided this round of plunge, with a highest price of 0.055 and a spot yield of up to 150%
Last night, the live broadcast room shared another potential currency similar to GFT, SFP, with a recommended price of 0.76u and a current price of 0.83u. This currency is based on personal operation preferences. At present, it is above 2u, and short-term spot orders can be placed at around 0.84.
The focus of spot trading here is still on SOL and MEME sector currencies
Maybe you can't come up with a decent gift for Valentine's Day the day after tomorrow, but remember, you must treat her to the first cup of milk tea in autumn! ❤️❤️❤️
Market analysis and recommendations on August 6 ✅️Yesterday's market review Yesterday was another unforgettable day. Let's recall the anniversaries of the cryptocurrency circle, the 94th anniversary, the 312th anniversary, the 519th anniversary, and now the 805th anniversary. Yesterday, the highest price of the big coin was 58305, the lowest was 49000, and the intraday amplitude was 16%. The highest price of the second coin was 2697, the lowest was 2111, and the intraday amplitude was 21.81%. It fell off a cliff, and the bulls were completely wiped out! The plot of the market seems to be repeating itself. It started to enter a correction trend in early April, rebounded in late July, and started a big wash in early August. The wash was thorough. What can we expect in the future? ? ?
The reminder is timely, the bottom rebound price is 49,000, friends who are buying the bottom here, if there is profit, just watch it yourself! ! The current market can only be dominated by waves! $BTC
I believe that everyone is in the same mood as me at this moment. In fact, there is no so much anxiety and panic. With such a drop, Ethereum's intraday decline exceeded 20%. The year-on-year situation should return to 312/519!
It's not you who loses money in the market, but everyone else. The number of people who are really short should be less than 1%, so everyone is the same! The continuous decline in the past two days has caused the long army to blow up and the spot is trapped. This is a foregone conclusion. Let me talk about Brother Yu's personal opinion!
The current price of the big cake is around 54,000, and the second cake is currently around 2,300. There will be a small rebound next, but it is not recommended to lick blood on the edge of the knife. Brother Yu believes that there is another drop. The big cake is around 48,000/49,000. This is the best opportunity to buy the bottom! At this position, don't move, or take a small part of the funds to do a wave band. Profits must go, which is T.
There is not much to say about the cottage here. The only thing that can be bought at the bottom is Sol ecological currency, including Sol here!
There is a high probability that the market will fluctuate during the day. If it cannot go up, it will have to go down. Don't be lucky and wait!
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Brother Yu emphasized once again that the cryptocurrency circle itself is finance. The biggest problem with finance is high risk. It is designed not to be borrowed, loaned, etc. Don't let the circle affect your life and family!