Analysis of the market on October 18: Will the curse that will fall for a long time be played again?

The market still maintains a sideways volatility trend. The long and short sides have not yet conducted a real contest. Nowadays, only the leading BNB platform of the platform currency has been on the 5-week line. Whether it can hold the 5-week line requires further observation. After all, the current trend of the 5th week is still going down. In the previous section, we also mentioned that if the platform currency can make a stop-loss action and no longer create a new low, the market will usher in the last drop. The view, but it is still uncertain whether BNB has stopped falling. At present, there are such signs and continue to observe patiently.

BTC

BTC has no words in the horizontal direction. It still maintains the previous view. At present, it is still a range of volatility. At present, the 5-week line has been basically completed. Now, we can’t see the trend of being able to stand back to the 5-week line. Regardless of the aspect, the target does not have the expectation of a sharp rebound. It is still oscillating near the lower shadow line. The long and short sides have not yet won the match, but they have already tested the support of $7,700 four times. If you look down the point, it is likely to fall below the support of the point. The individual expects the next support level to be around $6,800-6,900. If the target is back to the 5-week line and the 5-week line is up, it will be empty. The conclusion is not true.

ETH

ETH is still near the 5-week line, and the weekly-level moving average system basically presents a short position. The unstable trend of BTC also restricts the influx of the super-chassis, which is basically consistent with the previous judgment. The current volume cannot continue to support this. The target has a large rebound. At present, the target is less likely to take the independent market. The probability is to follow the market. Even if the target wants to go independent, it needs to be oscillating in this place to repair the moving average indicator. Personally, it is aimed at September 24. The counter-pumping of the Yinxian line has basically ended. Next, I will continue to look for the bottom support. I personally look at the target relatively empty. I think the target may be new low. I suggest that you pay more attention to the variety of BTC and platform coins. One has potential performance support, of course, only my personal opinion, pay attention to risk.

The author's point of view is only used for learning communication, not as an investment recommendation, and does not constitute an investment basis!

This article data source: QKL123