BTC

The current market price of Bitcoin has dropped to 47533. We can see that there has been a lot of trading volume in this sharp correction. The good news is that there was a lot of volume in the process of this decline, that is, the plunge last night. The trading volume went to buy at the bottom, so that the subsequent rebound was very powerful. As of today’s day, the market is still continuing to decline, and the lowest point of the market has fallen to the lowest low point of last night. This is a second inertial correction from our technical level. In essence, if the market follows If there can be a rebound and the extent of the rebound is not bad, it can be rescued, but the bad news is that the current K-line has fallen below the 4-hour level 90-period average buy line. This is our long-term optimistic view of a coin The prerequisite for this is now broken, so the small partners who have already entered the market in the early stage should consider leaving the game and do not wait and see.

I have reminded you many times in the previous period that you must be careful and use half positions to gain subsequent profits. If the current callback losses of the small partners that have been executed are not particularly large, but if they are held in full positions , Then the current loss is a solid loss.

We need to pay attention to the next market. If the follow-up market rebounds and can once again stand on the 90 line, then we can choose to enter the market, and before that, all positions should be cleared out. The lower support area is 41448 and the upper no resistance area.

ETH

Ether was hit hard during this decline. When the market fell to the 4-hour 90-period average buying line yesterday, it stopped after a slight pause and then accelerated its decline, and the market actually fell below the 90 line last night, so that The K-line is the signal that we stop loss and leave the market. Now the market has fallen below the 200 line, and based on the current situation, it should have fallen below the 200 line, so the current trend is very bad. The slightly better news is that in the process of violent decline Many people have chosen to buy bottoms and the trading volume is much larger than the current callback volume. We believe that the current callback is still within the scope of the second inertial decline. If the subsequent market rebounds and the 200 line can be firmly established, We can still choose to continue to be bullish, but because the market has actually broken below the 90 line, we need to be cautious in the long run. Admission is not recommended for the time being. There is no support area below and 1597 resistance area above.

BCH

Since BCH has fallen from yesterday’s high point to its lowest point today, the decline has exceeded 35%. To be honest, the big drop of BCH is not unexpected at all, because it has been explained many days ago that the technical level of BCH is very unfavorable when it is high. The trend of the K-line has a lot of burrs, indicating that the turnover rate is very high, and the volume is gradually shrinking, so that the increase in shrinkage will inevitably trigger a relatively large shock. Last night, the market had actually broken below the 4-hour 90-period average buying line, and during the subsequent rebound, the market was completely suppressed by the 90-line. Currently, it has fallen below the 200-line, and a real hammer has broken below the 200-line. , So next we can only stay on the sidelines and don’t enter the market lightly. At this time, we considered small partners who tried to enter the BCH market with short-term fixed investment before. Our principle remains the same, and we can still continue to execute. And other friends do not enter. There is no support area below, and 519 above resistance area.

DOT

The pullback before Polkadot was also very large, and the market was once close to the 4-hour 90-period average buying line. The current market is above the 90 line, and the trading volume is very large. Our small partners who entered the market with the support of the 90 line in the early stage should also be prepared. When the market actually hammers below the 90 line, it needs to stop in time. Loss to leave the game, and because the market was in a relatively high volatility before, it is not recommended that you chase more, so the current friends who still hold Polkadot should have used the 90 line as the support long ago This is a small partner who is trying to buy, so the current profit is still very large. At this time, we are based on the lower 90 line, and once the real hammer breaks below, we will promptly take profit and leave the market. The lower support area is 30, and the upper no resistance area.