Blockchain Liangqiu: 7.9 Bitcoin/Ethereum early morning operation strategy with market analysis
Bitcoin/Ethereum has been up and down for many times in the past two days, with wide fluctuations and large overall fluctuations. Looking back at the market in the past few days, since the rapid decline on the 4th, it has been fluctuating sideways at a low level for four days, and the overall fluctuation has gradually narrowed from wide, and there are signs of further narrowing in the future. At present, it is more about the repair of the market. The idea of pulling up the empty single that we have publicly laid out many times in the past two days has also won a relatively large space. However, the current market has bottomed out many times below, and the low point is also constantly rising. After the fluctuation narrows, the market is expected to usher in a turning point again.
Bitcoin/Ethereum presents a small Yin and Yang alternating pattern on the daily line, and it is also expected to form a bottom below, and all are in the lower track area of the Bollinger band to form an oversold pattern. In the four-hour view, the Bollinger band is also narrowing further, and there is no sign of further opening for the time being, indicating that there will be no further break below in the short term. From the perspective of the moving average indicator, the 7-day, 10-day, and 30-day moving averages are dispersed and moved downward, and the market still has room for further repair and consolidation. Even if it continues to fall in the future, there is still room for upward repair in the short term.
In the early morning, long orders were placed near 55600 to 56000 for Bitcoin, with a target of around 57500; long orders were placed near 2950 to 2980 for Ethereum, with a target of around 3050. #BTC下跌分析 #币安合约锦标赛 $BTC