In the past, the cryptocurrency market did not have the involvement of external capital such as Wall Street. Whenever there was a war, the market would rise sharply, which was a safe-haven property! But now these capitals are involved too much, and when there is a war, they are the first to run! It’s not that they want to run, but the mainstream stock market will fall when there is a war. These capitals withdraw funds to maintain liquidity in other places, which also eliminates the safe-haven property of the cryptocurrency market... ​​​

Looking back today, the idea has always been to be bearish, and the low-long has been carried out, and the harvest is also full. Yesterday, the short order at 1567 was arranged early, and 45 points were won at the turning point. There was also a long position at 26656 in the evening, and the order of 1531 points of Ethereum was successfully closed. The big cake won 280 points, and the Ethereum won 20 points of space at the same time.

From yesterday's trend, we can see some details:

First: The strong bullishness of each variety against the US dollar is shown in different forms; because here, we should pay attention to the linkage, and do not think that the linkage will rise and fall together! The US dollar is strong, but the euro will rebound when it should rebound; the pound will rebound when it rebounds!

Second: For retail investors, following the trend is still the easiest way to make money, and it is still the most effective way to make a profit! For example, when the price weakened to 1521 last night, it was a typical trend-following long order. These are typical suppressions, so short selling is profitable.

Third: Market conditions are the only way to test analysts and traders! Through this trend, we can test our level! If an analyst or trader cannot even judge the basic trend, do you think you can survive in the market for more than a few months? This is unrealistic. So, as I said before, following the right person and the right trend is more effective than anything "exaggerated"; don't become a "veteran" in the market, with no concept of trends, no respect for business trends, and no idea of ​​being pragmatic!

Judging from the 4-hour composition of Bitcoin, it has temporarily stopped falling above the dividing line of 26,900 and rebounded. Although it has temporarily stopped falling and rebounded, it is hard to say how long it will continue. It is expected to fall again during the day and oscillate downward to test the support of 26,600-26,700. The indicator is in a blunt state and is not clear enough for the time being; but compared with the previous wave of downward momentum, it is interesting that it is not as strong as before; in the daily K, the stochastic indicator continues to cross downward, the main short signal, as long as the cross is still there, it will continue to move downward according to the cross bearish; the pressure position of the central axis, the top and bottom conversion position is around 27150; therefore, the main focus during the day is still on 27150; from around 26700, it rebounded to around 26960, stabilized and recovered the position of 27150, then the bulls still have something to do, otherwise it is just short-term control of the market and moving bearishly downward; in summary: in the short term during the day, continue to follow the suppression of 27150 and bet on the decline of short orders. Today's overall idea is to continue to choose the idea of ​​shorting at highs, block three pressure positions, and open a decline to deal with it. There are changes in the market, and Wu Feng is mainly following up offline during the session!

Evening Tips

BTC: short around 27100-27300, watch around 26700-26500.

ETH: short around 1560-1570, watch around 1530-1510.