Fundamentals Analysis December 28
Looking back, yesterday it only rose symbolically, and then slowly went down. As of press time, it has returned to the "offline" state. It feels like it has fallen a lot. I took out my computer and did some subtraction. BTC fell by $200 and ETH fell by 1.39%.
It is a pity that the bulls did not seize the turning point to exert their strength. The decline is not terrible, but the terrible thing is that we have to wait for the time to reorganize the attack. I don’t think it can fall much (if it falls in the early morning, it will not be just this decline), it is more of a time repair, but if it rises, we will definitely see a big positive line pushed up by money. In terms of operation, those who have the conditions can invest in the public chain, and the other is to patiently wait for the opportunity to enter the market with a big negative line or a big positive line.
Spot market analysis
BTC: After 7 days of sideways trading, it did not choose to move upward at the turning point. This is a very boring move. It used to be just an outdated Pentium processor, but now it has been replaced by a Celeron single core that has been eliminated for many years. The fan is still creaking and has no oil. It will take another 2 days to reach the "offline" state. There are no more techniques here. If the price drops too much and too fast in a single day, it will attract short-term bottom-fishing funds. The short-term support level is 16180 ~ 16350, and the short-term pressure level is 16830 ~ 17000.
ETH: Linked with BTC downward, the short-term bullish structure was destroyed in the morning. The next support is near the low point of the positive line on December 20, 1162. The overall volatility is small, and it needs time to re-bottom out.
To get first-hand information, follow Beiming Research Institute!
