BTCÐ (contract) market analysis and operations on October 7
Technical analysis of the BTC contract on October 7: The daily level closed the positive line yesterday, the K-line pattern was single yin and single yang, the price still did not change much, the rhythm of ups and downs was back and forth, the indicator in the attached picture was shrinking, but fell. The continuity and price are difficult to break out for the time being, and short-term shocks are the main force. In the short-cycle hourly chart, the price retraced before the US market yesterday, with a low near the 27150 area. The US market rebounded with support and broke the previous day's high. It retreated under pressure this morning, with the pressure position near the 28300 area. The current K The line pattern is continuously negative, and the indicator in the attached picture is dead cross. There is a need for retracement correction during the day. What needs to be paid attention to is the strength of the retracement correction. Therefore, today's BTC short-term contract strategy: go short at the current price of 27950, stop loss 28150, and target 27650- 27500; the retracement is more than 27500, the stop loss is 27300, and the target is 28000.
Technical analysis of the ETH contract on October 7: The daily level closed a small positive line yesterday, the K-line pattern has a continuous negative and single positive line, the price is below the moving average, the indicators in the attached picture are running in shrinkage, and the fast and slow lines have signs of sticking together. Although the price did not fall significantly, the overall trend was obviously downward, and the counter-taker did not see much force, so the general trend was still bearish. On the short-cycle hourly chart, the U.S. market price rebounded with support the day before and broke through the previous day's high. It was under pressure and retraced this morning. Plus it's the weekend, so today we have to watch for shocks. The current K-line pattern is continuously negative. The indicator in the attached picture is running dead cross. From this point of view, there is a need for retracement correction during the day. What needs to be paid attention to is the strength. Therefore, today's ETH short-term contract strategy: go short at the current price of 1645, stop loss at 1665, and target 1620-1615. The retracement is more than 1615, stop loss is 1600, and the target is 1640-1645.
