Tuesday, analysis of Bitcoin and Ethereum ideas!
People who can come out of the storm often don't rely on umbrellas! If you are also experiencing this at this time, remember not to get confused and everything will proceed in an orderly manner and be stable!
Big things to watch out for this week!
1. CPI data will be released at 8:30 tomorrow night
2. Tomorrow night at 2:00 a.m., the Federal Reserve will announce its interest rate decision and summary of economic expectations (FOMC meeting)
3. Tomorrow night at around 2:30 a.m., Fed Chairman Powell will deliver a speech
The current price of Bitcoin is $67,500. Why did it fall today?
It must also be a matter of concern to everyone, because the CPI will be released at 8:30 pm tomorrow. Big investors are worried that tomorrow’s CPI will be negative and Powell will make a negative speech, so they run early, and the market panics and falls. The core of the rise and fall still comes from the Fed’s policy: when Cut interest rates, by how much.
For now, the market is still more biased towards the opposite direction, and the rhythm of ether has also been brought to a rhythm of 200 cents. 300,000 Ethereum was released on the big chain, which directly led to long positions. If this rhythm does not continue in the afternoon, it may be expected to reach around 3450-3360 until the evening.
The rhythm of the market is not quite right, it fell below 68,000, the technical structure is faulty, and the decline before the data released too much kinetic energy, and the short-term rebound speed is not enough. There will probably be more traction at night. In terms of operation, it is recommended that everyone wait and see, be bearish and not chase the market. After all, this position is a bit low.
When the rebound is close to the pressure test, we are considering arranging a short order, directly going to the integer mark or early support, we can arrange more bands, the middle position, wait and see!
Finally, I would like to mention that today’s decline, friends, don’t be too panicked.
It can be seen that the enthusiasm of bookmakers is very high. When the market cannot figure it out, it means that the market is actively changing hands and shuffling the cards. If the market is stagnant, then there will be no subsequent demand for higher prices, and there will be no big market in the market outlook, either. Don’t move, or get out of the car if you are not optimistic about it. This is advice for long-term positions. Don’t be washed away easily. The capital will be advanced and the layout is completed in advance. All we have to do is to play steadily.
Tuesday’s strategy
Bitcoin, 68600 kong, look at 67300-66600
Seen 66500 to more than 66700 for the first time, see a rebound of 1500
Ethereum, 3610, looking at 3550-30
First time seeing over 3460, looking at 3520-70
