Mr. Coin in the Coin Circle: 9.8 Bitcoin (BTC) Market Analysis Reference
The recent Bitcoin has taken a sharp turn as follows. The market has fallen below many supports, with a total decline of nearly 6,000 points, and the low is close to the 52,500 mark, and the price has rebounded. The situation improved yesterday, the bullish sentiment has slightly warmed up, and the price has begun to rise slowly, but the overall decline has not dissipated. The current price is running around 54,000. The focus will be on the 54,400-55,000 suppression area in the future. If it can break through and stabilize during the day, the bulls may continue to heat up. On the contrary, there is still support for the intraday market.
From the short-term hourly chart, the Bollinger Bands are closing, and the price is still below the middle track, but the subsequent supply has been insufficient, and the price has not further tested upward. The market has been under pressure. MACD continues to be negative in the 4-hour cycle, and the fast and slow lines are diverging downward. RSI is also at a relatively low level. The EMA moving averages show a downward trend, and the current price is below the low of each EMA. The overall trend is relatively weak.
From the daily level chart, yesterday's low-level repair market KDJ appeared a false golden cross, MACD continued to move downward, and the bearish sentiment was relatively strong. Although the current market has rebounded near the 52,500 position, the upper pressure has not been broken, and the resistance has a downward trend. If there is no strong rebound during the day, the market may still be under pressure. The overall trend is still maintaining a downward shock, but the bullish sentiment has warmed up slightly during the day, so it is recommended to rebound short orders.
9.8 Bitcoin short-term reference:
Long order: long in the range of 51000-50500, target above 52500,
Short order, short in the range of 54500-54800, defense 56500, stop loss 56800, target below 53500,
Short order 2, short in the range of 55600-56000, target below 53500, stop loss as above,
9.8 Ethereum short-term reference:
Short order: short in the range of 2320-2351, defense 2450 Supplement, stop loss: 2480, target below 2240,
For long orders, pay attention to the breakout of 2080 in the 2000-2040 range, stop loss 50 points, target above 2140,
There is a delay in sending the article, and the strategy suggestions are for reference only. The market changes rapidly. No matter how high your judgment of the market is, you must take profit and stop loss well, and put the profit in the bag $BTC $ETH
