10.9 Lunch Analysis and Operation Suggestions
The market trend in the past two days is not obvious. However, the quieter it is, the more likely it is that a big market will appear. From the analysis of the market, the big cake did not continue to fall after touching the 61800 support level again at night, which is undoubtedly laying the groundwork for the subsequent pull-up. Observing the hourly line, it can be found that the short-selling force is relatively weak. In the short term, we need to pay close attention to the resistance of the middle track.
Today is the 27th day of the eighth month of the lunar calendar, which belongs to the Wu Zi day. The heavenly stem is Wu Earth and the earthly branch is Zi Water.
• In terms of the five elements, today the earth restrains water, and water represents liquidity and volatility. When water is prosperous and earth is unfavorable, the market may show greater volatility, especially in assets with higher liquidity (such as Bitcoin).
Market forecast:
• Zi Water represents emotional instability and increased volatility, especially in the short term, the market may be easily affected by external news.
• Wu Earth represents a stable and conservative force, but in the face of strong water, today's Bitcoin market may be difficult to remain stable and has a greater risk of volatility.
The intraday trend of Bitcoin remains unchanged, mainly low-long
Operation suggestions:
Bitcoin is long around 62000-61500, and it is expected to be around 63000-63500
Ethereum is long around 2410-2430, and it is expected to be around 2470-2500
