Bitcoin, the daily line directly refreshed the highest point of the year after breaking through and stabilizing at 31,500. Although the price of the currency did not continue to rise after the new high, but mainly adjusted at a high level, but in the process of adjustment, the price did not show a large decline and adjustment when the indicators diverged; from the whole trend of this year, the possibility of a sharp drop in Bitcoin in the remaining two months is extremely small. Unless there is explosive negative news stimulation, I personally think that there is hope for another upward rush. However, judging from the trend of this year, after a round of rise or fall, the adjustment cycle is relatively long, and we may still need to continue to be patient; the current daily line focuses on the resistance pressure of the 35,000 mark. If it can stabilize in the next few trading days, the next target will be the 37,000 mark.
Short-term 34100-34200
Ethereum, although the overall trend is consistent with Bitcoin, there is still a gap in strength. This round of breakthrough and rise on the daily line did not set a new high, and it did not even touch the 1900 mark. That is to say, Ethereum's independent trend is still weak, but the big drop in August did not drive the currency price to start a downward trend. The daily line maintained an obvious shock pattern in the second half of this year, and the relative amplitude was also small. The current trend still needs to depend on Bitcoin's performance. The overall rebound strength is weak, and it cannot fall. The technical side mainly focuses on the resistance suppression at the 1900 mark. This position is the key watershed of the daily line.
Short-term 1780+
Gold, after continuous sharp rise, the daily line began to pull back this week, but with the continued promotion of favorable environment, the gold price will not fall sharply. Unless the conflict is over, the short-term decline is still regarded as the adjustment of the second rise; in terms of amplitude, the daily line completed a rise of 200 US dollars. According to the previous trend rules, the amplitude of 200 US dollars is basically in the limit state, but this time is obviously different, so after completing the correction of the indicators, the daily line stabilized at the 2000 mark and still has room for growth; the daily line has two consecutive negative corrections this week, among which last night's high and fall ushered in a short-term drop of more than 30 US dollars, but the price rebounded after the adjustment in the evening of the day and did not continue to fall, indicating that the corrected gold is still biased towards rising, so the operation is still mainly long.
Short-term 1982-1985
This article is original written by me, Xiao Feng Lunbi. The above analysis is only a personal opinion and is for reference only. Investment is risky and you should be cautious when entering the market. Please indicate the source when reprinting!
