24/10/07BTC rebounded to 64,000 but was rejected. The downward trend has not been completely reversed. Where will the third wave of decline go?
Since September 30th, the prophecy has come true. It warned in advance that the Japanese stock market would plummet and the market would fall rapidly. On October 1st, it was said that the daily line had a false breakthrough and the downward trend was not over. The correction target was 5.6-5.7W. The weekly closing line fell below the BOLL middle track and rebounded to touch 64000 again but was rejected. OBV crossed the yellow line and the MACD column continued to shorten. The fast and slow lines were still above water, but before it turned over the zero axis and crossed the fast and slow lines above water, there were variables. In addition, the surge in A-shares during this period also made friends in the currency circle eager to switch to A-shares, which also withdrew liquidity from the currency circle in disguise.
A-shares are indeed a value depression, but the dry land-pulling-onion-like pull-up has increased uncertainty. In fact, for those who rarely get involved in the stock market, it may be better to invest in index ETFs or sector ETFs than to buy individual stocks, especially for some people who turn to Hong Kong stocks. Hong Kong stocks have no price limits. The overall market is rising, but individual stocks are still soaring and plummeting. It is the same in any investment market. The bull market is the grave of leeks. Earlier, I saw the rise of US stocks and chased US stocks, and now I chase A-shares and Hong Kong stocks.
In my opinion, the Crypto market is also in the second half of the adjustment and fluctuation at a high level. The window for market change is getting closer and closer. It is recommended to allocate 20% to 30% of A-shares or Hong Kong stocks and enter or increase positions only after a sharp drop. Don't lose the big watermelon when you pick up sesame seeds. You will not grasp any market well.
Flatbread
The daily line broke through 65000 to 66500, forming a false breakthrough and then fell. It is currently rebounding and testing the pressure of 64000 and falling back under pressure. The 4-hour line also formed a divergence, rising nearly 1600 points in the morning and falling directly back in the afternoon. It is currently testing the 4-hour upward trend line. If it falls below 62300, there will be three waves of decline to 5.6-5.7W. If 62300 can effectively support and rebound, the market will have a chance to rebound.
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ether
The weekly closing line is still below 2800, with support at 2150-2250. The price has been operating at the lower track of BOLL. It fell back to 2512 in the morning. We still need to wait for a rebound after a retracement to see if it can stand on the middle track of BOLL. The ETH/BTC exchange rate has support near 0.038. Many cottages with strong rebounds in the early stage still have opportunities to increase positions, but we still have to wait for the market to pull back.
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