Today's panic and greed index was 66 (yesterday's 70), and the level of greed was still greedy.Note: the panic index threshold is 0-100, including indicators: volatility (25%) + market trading volume (25%) + social media popularity (15%) + Market Research (15%) + bitcoin's proportion in the whole market (10%) + Google hot word analysis (10%)
BTC market analysis:
Bitcoin's market broke down in the early morning of the day, and its price fell below 56000 first-line support, out of a decline of more than 2000 points. The market trend weakened again, and we should guard against the price falling again in the day.
On the chart of daily line level, the price shows a trend of continuous negative, and the decline continues to maintain. At present, the low level is close to the middle track position of brin belt. If it falls down again in the day, the market will further explore the risk of 50000 level.Up to now, the bearish mood is strong, and the trend of MACD and stoch is downward and large. It can be seen that the market in the day is still inclined to the downward trend, so it is suggested to follow the trend in operation.
According to the short cycle hour chart, the brin belt opens downward, and the market is running in the middle and lower track area. At present, the market is in a high and falling trend. The trend is under pressure and enters the callback rhythm. The current price is near 54400. It is expected that the price will be further explored. It is possible to withdraw the low support. I hope you can prepare well in advance.The key support below focuses on the 5300 front line, falling below the downward trend will continue, breaking can be operated in accordance with the trend.
BTC operation strategy:
- Make short position when the price goes near 55800, stop loss: 56100, target profit: 55300-55000-54700
- If it breaks through the 53300, Make long position, stop loss: 53000, and target profit at 54000-54200-54500
ETH market analysis:
Ethereum was also affected by the market during the day, and the market also broke the position of 1700 and went down. At present, the low position is at 1655. The overall trend is relatively weak, and the upward trend of subsequent rebound is not strong, and it has not broken through the upper suppression area. Short positions still occupy an advantage, so it is only necessary to follow the trend of short positions in the day. Top suppression focuses on the area 1740-1750.
On the short-cycle hourly chart, the market has entered the callback rhythm under pressure, and the trend keeps fluctuating downward. The short-term support of 1680 has been broken. It is expected that the price will further decline and retreat to the low-level first-line support within 1650 days. I hope you can make preparations in advance. Steady operation or maintaining rebound empty orders, supplemented by callbacks
ETH operation strategy:
- Make short position when the price rebounds 1785, stop-losses: 1800, target profit: 1760-1745
- If it breaks through the 1730, Make long position, stop loss: 1750, and target profit at 1700-1680
The analysis is time-sensitive, and the posting is always delayed, so please take the real-time market as the standard. Re-emphasize, do a good job in risk control, no matter how well you judge the future market, you must control your stop loss and target profit!