Market Analysis: Bitcoin's new high of 9,300 US dollars will promote a new round of mainstream currency rotation


Bitcoin hit a new high at noon, reaching $9,300. At the same time, other mainstream currencies are also linked by the big brother. The best performance is the grapefruit, which is also a wave of supplements. I mentioned it in the previous article, and I will not repeat them.

At present, many people are chasing high and making up for the anxiety of taking the time.

However, it should be noted that after experiencing a continuous rise, even if you want to rush for 10,000 US dollars, you need a short break to be attacked by the short. And this time, there is a lot of suspicion that the bulls are deliberately detonating the big shorts. If the multi-headed dealers finish the harvest, they will form a certain fall and rest, and they need to pay more attention.

When I was at $8,200, I said that there is a long and short dividing line around $8,200. Once the success is over, the long market can be proved. At present, the long-term market led by Bitcoin has been established, and the mid-term adjustment for the half-month period has also come to an end. The latter idea is definitely to buy on dips, instead of rebounding short.


Q: When is the low position? How is bargain hunting?

A: Each person has different strategies, different time stamps, and different positions, so the concept of "low" is not the same. I can't teach you strategies from the beginning, and look at my articles from the beginning. At present, the rise of Bitcoin is caused by manipulation or market sentiment, and it is much more positive in terms of results. If you pull it directly, it will be unhealthy. I will wait and see. If I can arrange it for a day or two near $9000, I will choose to buy it directly.

In addition, the rise of Bitcoin has also caused the overall overbought in the market. The greedy index has reached a terrible 80, a record high, and speculative sentiment has become extremely intense for a short time. At this node, we should pay more attention to risk control rather than anxiety. Because the money can not be earned and the loss is over, as long as there are fluctuations, there will be profit opportunities. Put a good attitude, eat a bite, take the step by step.

The safest strategy is to buy the spot at your own psychological low point and ensure that you don't step on the air. And the futures have to wait for consolidation, and we will intervene. Still the same position, the time is ripe, can do more, control the hand, more than double.

Every penny you earn is given to you by industry and trends. Keep your mind steady and don't float.


Market analysis

The following analysis data are from Huobi

Bitcoin BTC:

Bitcoin's rise this time is very similar to last month's pull, with small breaks rising, and a large number of short-selling positions in the middle of the road boosted prices.

Any pull up must be consolidating, so if you haven't got on the bus yet, you have to wait for us to get on the train. Even if we wait for 10,000 dollars, we still have to wait. Investment is not gambling, and the game requires strategy.

Missed 8200 US dollars, then wait for this pull to end the long and short double burst and then we will get on the train again. In addition, after Bitcoin stops rising, the mainstream currency will start to rotate, which will be a good opportunity.

Litecoin LTC:

The consolidation is nearing the end and the long-term trend has not been destroyed.

The “half-consensus” has not yet been overdrawn, and the current bullish pattern is still intact, with Litecoin’s spot position.

In addition, if Bitcoin falls in the short term, Litecoin will be brought together. To avoid this risk, it is also an opportunity to buy.

Ethereum ETH:

I said a few days ago that Ethereum is still returning to a strong area. At present, the multi-line is re-adhesive and the long-term continues to be bullish.

The 360-day moving average is the bottom, this year is definitely bullish, no one will be willing to sell cheap chips. The need for a set of locks needs to be solved.

This game was only halfway through the game and bought on dips.


Grapefruit EOS:

The views of the past few days are: too much short-term decline, there are long-term rebound demand. At present, 6.5 dollars to 7.1 dollars are close to 10 points, and the technical goal has been achieved. This rebound has been fulfilled and it is recommended to exit waiting for consolidation.

In operation, it is recommended to wait for short positions.


Bitcoin Cash BCH:

For Bitcoin cash, my thinking has always been long-term.

From the weekly K graph, the bullish trend is unstoppable and has taken a nice adjustment. Week K's moving average has also begun to bond, and the 430 US dollar has also been consolidating for five weeks. With the space condition of pulling up again, we must actively look at it.

Waiting for the start of the market, we bravely got on the bus.


Platform currency HT, OKB, BNB:

Although BNB has gone down the adjustment, it has not destroyed the overall rising pattern. The decline is for "treatment", not a bad thing. OKB and HT are also accumulating power, linking the market, watching more, platform coins are at least the most advanced wealth management products at this stage.

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~!

Author: Block pig