Market Analysis: Bitcoin Week K closed, greedy index is still high

Foreword

As usual, the market is first mentioned. Bitcoin is still consolidating at a high level, and other mainstream currencies are linked to make a range volatility. After the fall, it quickly recovered. The market outlook continues to watch the shock, and everyone should guard against the possibility of a broken position.

At present, from the technical point of view, there is no condition for continuing to rise in the next two days. Even if it is higher, it is likely to be more attractive. Because the capital pushes the rise of the currency price, it requires a combination of space and time. In the early period, the market has overdrawn the excessive kinetic energy of the market, and the upside space is squeezed. At the same time, the high consolidation time is insufficient, and it is easy to be attacked by the short position. Therefore, the current direction of the general direction is still looking at adjustment, the operational ideas are still spot or short positions, to avoid futures.

The summary is: Waiting for the high level of consolidation, Bitcoin has enough upside momentum, other mainstream currencies can catch up.

 

In addition, the greedy index is still consolidating at a high level, and it is still not out of the greedy interval. If the market's speculative atmosphere continues to be so strong, the adjustment space for the market will be huge and the time will be longer. Therefore, it is expected that the market will be healthier by expecting a sharp drop in the wash and completing the floatation cleaning.

Remind everyone that no matter whether Bitcoin is waiting for a stagnation or rising after a high level, we should not gamble. There is always a day when the gambler’s mentality is out of balance, and there is also a day when the loss is over. If your technology is not enough, you can stabilize the spot and avoid futures, so you are not afraid to step on the air.

Human greed does not change for thousands of years.

The weak are indulgent, and the strong are reversing.

Market analysis

The following analysis data are from Huobi

Bitcoin BTC:

Continue to voluntarily oscillate, seemingly consolidating upwards, in fact, the bullish momentum is still insufficient, the 8500 US dollar will be a long and short boundary. In fact, there is no long-term reference value for specific points. Don't chase and watch patiently.

In the coming months, the impact of the sweater war with the country will affect all financial products, and the currency circle is no exception. Personally, the policy will directly affect the global financial market, causing huge fluctuations, and the exchange rate of the French currency will also have a huge shock. After that, everyone will seek safe-haven assets, and Bitcoin will be an excellent destination.

In June, there may be various types of bad positions, and risk aversion is the first. With confidence and patience, you can hold the spot and you can't stand it. Don't make futures.

Litecoin LTC:

The Litecoin Congress has not had any impact at present, so the temporary linkage of Bitcoin still has a higher momentum. Of course, the best situation is to take a deep fall and then go up. At present, it is not recommended to operate, and more to see less.

Litecoin can still be hyped in the second half of the year, and the space is huge. Waiting for Bitcoin and the broader market to stabilize, we will take the opportunity to intervene.

The bulls are not over yet, just need to take a break. In the short-term, we will wait and see if we have faith.

Ethereum ETH:

No change, continue to fluctuate in a narrow range, and there are no new high technical conditions in these days.

At present, the form is relatively fatigued and there is a risk of breaking down. Helpless, the profitable disk accumulated in the short time ago is too big, although there is still a big market in the technical point of view, but it is not now.

If you have faith, you will hold on to it. If you can't stand it, you will wait and see.

 

Grapefruit EOS:

The view remains the same: wide fluctuations, technical failure, do not make futures.

I still recommend not to operate, this kind of control, pull or pan is simply unpredictable. If you are interested, take the spot and wait for the possibility of a burst. The space is still the same as I said before, and a suitable apex will be found between $8 and $10.

Now from the face of the disk, the grapefruit is weak, should be guarded against the futures of the needle, long and short are not good, empty warehouse rest.

 

Bitcoin Cash BCH:

Need to continue to adjust, there is currently no way to independently rise on the technical side. Unless the main force uses funds to push up the price of the currency, it will still link the bitcoin to make a range volatility.

420 dollars can only be maintained in the first line. If Bitcoin goes down, then Bitcoin cash will go to 380~400 dollars to find buying.

Risk aversion in the near future.

 

Platform currency HT, OKB, BNB:

Linking the market, you can't be alone. HT and BNB are still maintaining a strong consolidation, while OKB remains weak. After the market has linked the market, there will be a chance to continue the attack after the platform currency has been sorted out.

Everyone should continue to learn in the operation and improve their cognitive ability and feeling ability on the disk. Pay more attention to investment risks, properly participate in transactions within your controllable scope, and be responsible for your own transactions.

 

I will talk about it today, we will see you tomorrow~!