Market analysis: the anti-pumping strength is not strong, the decline relay pattern is obvious

On the one hand, the blockchain concept stocks soared, the giants entered the game, and the cryptocurrency represented by BTC broke down. It really formed a situation of two-day ice and fire, and it was really difficult to see. According to the current market environment, the blockchain has an extraordinary significance for the Industrial Internet and the Internet of Everything. After the completion of the 5G construction, a number of super applications will be born, but from the current policy point of view, the currency chain is divided. The attitude of the family is still very determined, so the difference between such scissors is getting bigger and bigger. I am afraid that it will not be long before, and the target in the market will be less than 20%. A large number of air coins and model coins will disappear. Leave a chicken feather and then start the next cycle.

BTC

Yesterday, BTC closed a small cross star line, and the transaction volume is still much larger than the previous volume. Personally, the target believes that the target has not stopped falling. It is waiting for 5 antennas to go down and observe whether the target can be renewed. Standing back to the 5 antennas, I personally think that the possibility is relatively small, the market now has a terrible resonance effect, the first Yinxian is very ferocious, I believe that the shorts are coming, it will not stop so quickly, the probability is a few days in this place It will fall along the 5 antennas. As for the next decline, we will have to observe it again. It is only one step away from the support of US$7200-7500 given before. If it can stabilize above $7200, it will confirm 9000. Whether the dollar is effectively broken, but no matter what the trend, it should be cautiously bargain-hunting, the decline is obviously not over, there is only a small amount of counter-pumping, play can be, do not heavy positions, the overall risk-based.

ETH

ETH closed a small Yang Xian, but the final trend depends on the face of BTC. In the face of absolute strength, all the bells and whistles are useless. The previous rebound did not change the downward trend, maintaining yesterday's view at $150. This place is obviously not the bottom. Of course, there will be resistance behavior in this place. After completing the falling relay pattern, it is a big probability to pay attention to the risk and pay attention to the risk.

EOS

The trend of EOS is similar to that of ETH. Yesterday, a small Yangxian line was also received. However, the individual still thinks that the target may have a double bottom. The target directly penetrates the bottom of the previous period, and the volume is also released for a short period of time. It may not be able to stop falling. The support of the target is around 2.2 US dollars. At this point, there may be resistance, but the rebound will not exceed 3 US dollars. Breaking through 2.2 US dollars will inevitably lead to innovation. This is no doubt. Focus on prevention and control risks.

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

Author: talk on gold coins

We will continue to update Blocking; if you have any questions or suggestions, please contact us!

Share:

Was this article helpful?

93 out of 132 found this helpful

Discover more

Policy

FTX Hacker Strikes Again - This Time with Style!

The 72,000 ETH stolen from FTX last year has resurfaced for the first time since the hack, as transactions have emerg...

Blockchain

Decentralized exchange Newdex strength to play "fake"

From the earliest decentralized exchanges in the EOS ecosystem, it has grown and steadily occupied the top spot of EO...

Blockchain

Gemini Exchange sets up insurance company to provide $ 200 million in insurance for custody services

The Winklevoss brothers' Gemini exchange has set up an insurance company to prepare up to $ 200 million in insur...

Blockchain

Xiaoyan follow-up: CZ, Nathan Kaiser, ten "big coffee" in the same box, market, trading, technology, all the nets

The Asian Block Summit was held in Taipei on July 2nd and 3rd. The summit focused on “blockchain business ...

Blockchain

Deep Dive into Uniswap V4: A "Masterpiece" of Decentralized Exchange

Updates to Uniswap V4 could further enhance its position in the DEX space, with the "hooks" feature greatly improving...

Blockchain

Exchange Real Volume Report (on) | TokenInsight

Summary of points: 1. According to the report, 36% of the exchanges (11) have a real trading volume ratio higher than...