No. 4.8 Market Review and Analysis
The market is suffering during the adjustment process, especially when the market is recovering recently. There has been no big movement in Ethereum and Shanzhai. As a result, everyone's mentality in the current market environment is not very good. Once the currency in hand is held, If it doesn’t rise, there are all kinds of thoughts, whether you have bought a piece of garbage, and various ways to choose other currencies or directly change positions. According to my understanding, this is wrong, especially in the current market environment, which is what we should hold on to. There is no currency in hand waiting for the overall take-off. The market is trying the resistance position in the 70,000-72,000 range, and Ethereum is in a very weak stage. As long as Ethereum attempts to break through to a higher point, a wide range of market trends will Only then did you get up, now just stick to your original idea, don’t be bullish for a while and bearish for a while, or don’t enter the market if you have already left, enter again when there is a big drop, or hold a full position, and believe in this round of market conditions It will continue to rise, and if copycats break out, just hold it with your eyes closed, and don’t leave if anyone advises you.
Today's highlights
The BTC market hit 70,000 points in the early morning, but the volume was not very strong and it did not directly break through the previous high of 72,000 points, which is the current resistance position. According to the current trend, 72,000 is now a key point, as shown below The support point is still unchanged. We should pay attention to the support point in the 67000-67500 range. The pin or callback at this position will rebound. Only by breaking through and standing firm at 72000 points can we open up a larger space value.
The ETH market looks normal today, but it is almost reaching a critical point in the current trend. This limit must be broken through and firmly established at 3800 points to open up the upper space value. The current support point is at the intraday level. You can pay attention to the first line of the 3360-3400 range. The effective support point is near 3320. The first line above has to break through the 3480-3520 range. After standing firm in this range, you can then see the 3600-3800 range. The key point is the 3800 point line. , the space above can be opened only after this position breaks through and stands firm#
