【Foreword】
The market is changeable, people's hearts are changeable, the same point has different views in different trading atmospheres, I am confident that I can remain unchanged in the face of changes, although I can't be right every time, but my analysis is open to the whole network, and friends who have been paying attention to my market analysis for a long time know very well that the fittest survive in this market. In the field of investment (especially the currency circle), the importance of knowledge determines the height of personal wealth. Only by mastering enough knowledge can you be qualified to be a winner and deserve high returns.
The market sentiment has been getting higher and higher in the past two days. In addition to the mainstream currencies such as Bitcoin and Ethereum driving market sentiment and retail operations, there are also other "concept" currencies that stimulate everyone to enter the market to varying degrees. Some people become rich overnight, while others lose everything overnight. The risks and profits are often accompanied by a large amount of capital intervention, causing the market's heat to take off again.
【The story behind the increase】
Today is Monday, and everyone can see that after the opening of the morning session, the entire financial market, including but not limited to A-shares, gold, digital currencies and other financial products, all led the rise in their respective fields. In fact, it all comes down to the current tense international situation, which has led to various domestic and international policies to stimulate the stock market, and the tense situation in our neighboring North Korea and South Korea has exacerbated the volatility of the market.
As we all know, South Korea is the first in digital currency trading in Asia, and basically 80% of its people are active in this market. So their international situation will also have a certain impact on the digital currency.
From a long-term perspective, fundamental data are supporting the development of Bitcoin and the entire encrypted digital currency, and the volatility in the second half of the year is only a short-term performance. The current situation is actually very intuitive. After experiencing a correction of 10,000 points, the Bitcoin market has not seen anything that makes the current market shine. Although various institutions are shipping, the entire market is still optimistic.
Some hot money also cares about the rate of return. In the short term, the rate of return of Bitcoin is not high, and mainstream currencies are suppressed by Bitcoin. Even if money flows into mainstream currencies, if Bitcoin is always suppressed, the extent of the increase will be limited, and it will be difficult to pull the market up. Therefore, some other currencies have become popular.
Finally, in fact, no matter which popular currency it is, it will not disappear. Instead, it will continue to develop, but it will not continue to be exposed to the public's view. Therefore, you can continue to pay attention to it. It may suddenly explode in a certain period of time, which will amaze the entire cryptocurrency asset, including the current Bitcoin and Ethereum. The role they play in the cryptocurrency market will become more and more important.
【10.14 Bitcoin Market Analysis】
In the midday trading today, the price of Bitcoin suddenly accelerated its rise without any technical breakthrough, breaking through the previous pressure of 63,500 and stopping at 64,500. The overall upward momentum drives the market at all levels, forming breakthrough signals of varying degrees. At this stage, it is just waiting for a period of time to stabilize. Once it stabilizes above 63,500 today, it is likely to continue to rise and continue to hit the upper pressure of 65,000 in the future. It is just necessary to pay attention to a small retracement in the short term, so the intraday operation suggestion is to short short and then long.
【10.14 Bitcoin Operation Strategy Reference】
Short sell: You can enter the market with a light short position in the range of 64300-64500, defend 64800, and then look down to 63700-63100 to exit in batches.
The high altitude can continue to ambush around 65400.
Long orders: Enter the market with light long positions when the price falls back to 63300-63000 during the day, defend at 62700, and target 64100-64900, and sell out in batches.
Conclusion
I have always believed in what Sakyamuni said. He said that no matter who you meet, he must be the person you are destined to meet, and it is not accidental. His appearance will definitely teach you something.
I hope you are lucky to be reading this article. Even if you have experienced some hardships, setbacks, and losses, that is already in the past. We can’t live in the past, right? We should always look forward. There may be thorns on the road ahead, but as long as we work together, we will be able to cut through them and reach the other side of success!
In fact, the market is sometimes really simple, but in most people's eyes it is always unpredictable. There are two reasons for this. One is that the amount of funds is not enough, and the other is that the prediction is not accurate enough! Funds determine your psychological tolerance point, and more directly affect your profits, not to mention the prediction of the market.
