Blockchain Liangqiu: 9.30 Bitcoin/Ethereum Operation Strategy with Market Analysis
Bitcoin/Ethereum has surged many times in the past few days. In addition to the small negative lines in the middle of the daily line, the continuous positive lines for more than ten days also indicate the strength of the market. However, this strong pull-up market is also caused by the news of the Fed's interest rate cut. Once the news fades, the market will return to nature. Moreover, once the daily line begins to retrace, the downward space will be much larger. The multiple peaks and falls of the big cake in the past few days also indicate this point of view. After the retracement, don't think about low-multiple operations. If the trend breaks, you need to operate according to the break market.
After the daily line was under pressure in the past two days, the market once fell below the important support of 65,000 to 65,400 that has been bottomed out many times in the past two days. In the future, according to the principle of top and bottom conversion, this position above will also be regarded as a new round of pressure. And the MA moving average indicator breaks the 7-day moving average of 65,000, which just corresponds to the top and bottom conversion position. Ethereum's 7-day and 10-day moving averages overlapped and began to break down and press down. The pressure reference is 2650. Subsequent operations will mainly rely on the upper pressure and high altitude.
In terms of operation, short orders are entered near 64700 to 65000 for Bitcoin, with a target of around 63300; short orders are entered near 2640 to 2660 for Ethereum, with a target of around 2380. #非农就业数据即将公布 #美国8月核心PCE创4月以来新高 #美联储11月降息预期升温