12.9 Analysis and strategies of mainstream currencies
Preface: BTC and ETH currency exchange rate drops again. If you don’t ambush the altcoin, just be a bystander
Market Review: Yesterday during the day, it was always fluctuating around 43400, and the previously mentioned channel was never broken until it suddenly rose in the evening, breaking through the channel. Finally, it formed a false breakthrough of the previous high point of 44500 and then retreated again. The current price of the currency is fluctuating around 44200.
Market analysis: The daily line closed with a long positive line and engulfed the decline of the previous two days. At the same time, the subsidiary indicators increased their volume again. The bullish structure was continued.
From the 1H point of view, the market formed a false breakthrough in the early morning of today and then fell back to 0.786, and there are signs of rebound. The subsidiary indicators are dead crosses, and the bulls are running in a reduced volume, but the bullish trend has not changed.
BTC intraday operation suggestions: There are two options, ①If the market falls back to POC (43800) but does not break, you can go long, ②If the market rises to 44500 again and stabilizes, you can go long.
The above analysis is for reference only and does not constitute investment advice.
