Good morning, brothers, Wednesday, August 7
1. Review of yesterday's market
Yesterday's market is basically the same as what was described in yesterday's blog post. After the plunge, the market entered a range of fluctuations. In fact, the currency circle is the same as real life. There must be adjustments after big ups and downs. It depends on the cycle and strength of the adjustment.
Yesterday, the big cake opened at 54018, the highest price was 57040, the lowest price was 53950, and the closing price was 56022, with an increase of +3.71% and an amplitude of 5.72%
Yesterday, the second cake opened at 2419, the highest price was 2556, the lowest price was 2414, and the closing price was 2461, with an increase of +1.73% and an amplitude of 5.87%
The intraday amplitude of the big cake and the second cake was around 6% yesterday, and the overall market entered a small rebound stage after the opening.
2. Today's market analysis
The intraday market is expected to rebound, but the overall market is still in a range of fluctuations, just a wide range of fluctuations. Judging from the futures market data, the number of shorts is greater than that of longs due to various negative factors and market factors in the near future.
Intraday pressure and support analysis
The pressure level of BTC is 57200-58000-58800
The support level is 56200-55500-54800
The pressure level of ETH is 2500-2550-2650
The support level is 2460-2400-2350
Although the market is relatively strong at present, Brother Yu believes that the probability of a breakthrough is not high, so it is selectively high.
3. Spot sector analysis and recommendation
Yesterday, Brother Yu expressed his personal views on the future trend during his live broadcast. Fans who did not watch the live broadcast can go and watch the replay. First of all, it is clear that there will be a market trend in the future. The bull market cannot end just like this. The wash of this cycle started in April and ended in August. Mid-to-late August may be a turning point. We will start a new round of layout from this moment. Brother Yu will track each recommended currency next.
GFT recommended by Tiantuan Group on July 29, with an entry price of 0.023u, perfectly avoided this round of plunge, with a highest price of 0.055 and a spot yield of up to 150%
Last night, the live broadcast room shared another potential currency similar to GFT, SFP, with a recommended price of 0.76u and a current price of 0.83u. This currency is based on personal operation preferences. At present, it is above 2u, and short-term spot orders can be placed at around 0.84.
The focus of spot trading here is still on SOL and MEME sector currencies
Today's 499 group code:
BB spot price 0.29u
