24/07/12BTC daily line Panda Burning Incense, the bottom of the box is under pressure before the rebound, and the low point support will be tested again
In the evening, the CPI positive market inserted 59650 and then fell back to the support of 57000 and broke through again. As of the time of writing, it rebounded to 56542 and recovered 57000. The Ethereum insertion of 3217 is also more than ten points away from the pressure of 3240 we mentioned. Ethereum has been operating in the 4-hour upper channel.
The market value of the seven largest U.S. stock markets evaporated by 4.35 trillion yuan overnight. The Nasdaq index and the S&P 500 fell back on the daily line. The U.S. dollar index fell by 0.58%. The pressure of 106-107 is still very large. The offshore RMB exchange rate has temporarily maintained 7.37. The 5-year and 10-year U.S. Treasury bonds are basically at the end of their strength and will not last long. This is good news for other financial sectors.
Flatbread
The daily line closed with two inverted hammers, which is also a panda burning incense. The two rebounds to 59600 were beaten down. There is a similar effect here and there at 64000 rebound, and it has not recovered for a week after breaking MA200. For me, it is actually quite simple to look at the market. 72000 was rejected many times. We remind that the first stage of the plunge was to rebound to 58400 and then rejected near 64000. The market fell to 53485. At present, if 59600 is rejected again, it will test the support of 53485-54000 or even fall below it.
After falling below 57000 in 4 hours, it fell back to 56538 and rebounded again. Here, it still tests the support of the M head and neck line of the box. However, if there is no effective breakthrough of the key pressure, it is not an effective support and there is still a chance of breaking through. If the 4-hour rising channel falls below the median line, it will fall to the downward channel to test the support.
support:
pressure:
ether
The daily line rebounded to 3217 and fell back under pressure, but the buying power was still relatively strong and closed with a doji. The 4-hour BOLL middle track has been upward and it is also an upward channel. If it breaks, it will also test the 2800 support. If it does not break, we can continue to do short-term trading. For new investors, it is not recommended to operate this market casually, as the loss rate is relatively high...
support:
pressure:
