10.10 Hangqing analysis!
If you are ravaged by the market and can't find your way, this place will always be a lighthouse in a quiet harbor, waiting for you in a place you can see when you turn around. While looking up at the starry sky, we can build a solid land under our feet. A new day, come on!
Yesterday the market was in perfect accordance with Conan's expectations. After the rebound touched the 28,000 area, it failed to continue to rise and fell back in the afternoon. In the evening, Ethereum plunged directly and hit the lowest support of 1545 and rebounded. The sentiment of washing the market was relatively strong.
In terms of technical structure, the decline of Ethereum is obviously more violent than that of Bitcoin. It directly rebounded after a big negative line touched the lower track area, while Bitcoin did not fall by a corresponding amount, and was limited to the detour in the middle track area. If we compare the rise and fall individually, Bitcoin is resistant to the fall, while Ethereum is weak. In terms of operation, we need to compare them separately. The previous trends were basically the same, and now they are all their own trends. It is a bit inappropriate to enter the market simultaneously today!
At present, the volatility of the big cake is still relatively obvious. While the moving average support is obvious below, the BOLL middle track area has not been touched, which is relatively roundabout. Consider looking for a rebound in the previous low area of the 4-hour level during the day, and then consider shorting when it goes up. The pressure is obvious at 28200, and the support is in the 27100 area.
As for Ethereum, after yesterday's wash-out sentiment, it touched the previous bottom of 1545 to form a double bottom support. There are many lower shadows on the short-term line, which is just stuck in the BOLL lower track area. With the roundabout trend of the wash-out, the early part of the week is mostly a yin-yang cycle. The probability of continuing to test the low point during the day should be small. Just refer to the double bottom area for short-term longs. Ethereum pressure is 1620, and support is 1550. On Tuesday, the operation is to go long first and then short according to the long-short conversion sentiment!
Tuesday's strategy:
BTC: Buy in the 27500 to 400 area, defend 27100, watch 28100, if it reaches there and does not break, consider shorting once
ETH: 1570 area, many, defend 1540, watch 1620-16
50 If it is not broken, consider going short once$BTC $ETH