24/08/15BTC rebounded but failed to stand back to MA200, ETH's rising channel is facing a break, waiting for a second test or continuing to fall?
In the evening, the CPI fell nearly 3,800 points from 61,800 to 58,010. Although there is a possibility that the US government will transfer 10,000 BTC to Coinbase Prime for "custody only", traders are still very panicked. After the German ZF sold Mt.Gox and transferred it, the United States also transferred it. The US government holds 203,000 BTC.
The public debt of the United States exceeds 35 trillion US dollars, and the interest payment will be very high. The United States itself has been seeking various ways to solve the debt problem. Comrade Jianguo also proposed to use Crypto to solve the debt problem of the United States, but it is a drop in the bucket at present. The debt will increase by 1 trillion US dollars in about three months. If Bitcoin is really used as a strategic reserve, compared with gold: if the total market value of BTC eventually reaches about 10 trillion, BTC will rise to 700,000 US dollars per coin (long-term goal), and it is not impossible to write a Crypto check to the creditors or use BtC to repay the huge debt.
However, the short-term market has not yet eliminated risks. BTC rebounded to around 62750 and continued to fall. ETH rebounded to 2780 and then fell. If the downward trend cannot effectively break through the pressure, there is still a chance to continue to explore the second time or continue to break.
Flatbread
The weekly line is still below the Evening Star and may close with a doji. The daily line has been blocked from rebounding after multiple spikes, and the probability of continuing to fall is relatively high. The price line has been suppressed by MA200 for a week, and the rebound has been below Fibonacci 0.618. SKDJ turned downward, and the probability of continuing to fall is high.
The 4-hour evening triangle convergence false breakthrough, and at the same time fell below the lower edge of the triangle. The only support is around 57600, which is also the bottom support of the small box. Pay attention to the second exploration opportunity of 52000-54000 support. If it continues to fall below, it will test the previous low or even fall to 42000.
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ether
It has been sideways for 4 consecutive days, hitting the high point of 2780 and then falling back. The MACD zero axis fast and slow lines cross, and it tends to pull back and hit the 2800 pressure again. It has been in the rising channel for 4 hours. There are signs of breaking the lower channel. You need to pay attention and lighten your position appropriately. Wait for the second bottom and then look at the rebound strength. MACD diverges and breaks the BOLL middle track at the same time. The support below is 2300-2500.
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