Last night, the White House and Republican negotiators in Congress met again to discuss how to raise the $31.4 trillion debt ceiling, and there are only 9 days left before a possible debt default. Graves, the Republican debt ceiling negotiator, said after the meeting that due to differences with the White House, no arrangements have been made for follow-up negotiations, and the negotiations have failed again. A default will be a major positive for the risk market, but this possibility is almost non-existent. Yesterday, Hong Kong released good news that it will continue to promote the construction of a cryptocurrency center and allow retail investors to trade cryptocurrencies according to the rules. This news has boosted the cryptocurrency circle to a certain extent.
The high point of Bitcoin yesterday was around 27495, and the low point was around 26798. Bitcoin rose yesterday morning under the good news, and tested the 27500 line again. After the failure of the breakthrough, it began to pull back, indicating that the pressure of 27500 is strong. In the short term, it is expected to fluctuate around 27500, and even attack 28000. In the absence of an effective breakthrough of 27500 and a fall below 26500, Bitcoin will continue to fluctuate in the range.
Although the daily line closed with a small positive line yesterday, the volume did not keep up. The Bollinger Bands moved downward, under pressure from the Bollinger middle line of 27400. The 4-hour level was under pressure from the MA120 daily line. The Bollinger Bands opened, supported by the Bollinger middle line of 27000. It has not yet moved out of the range, so you can buy low and sell high with a light position.
Pay attention to the support of 26000-26500 below, and the pressure of 27500-28000 above. It is recommended to short lightly near 27500, stop loss above 28000, and target 27100-26800. It is recommended to go long lightly near 26500, stop loss below 26100, and target 26900-27300. The market changes rapidly, and the specific operation is mainly based on real-time strategy.
Ethereum's high yesterday was around 1872, and its low was around 1815. Ethereum rose in tandem with Bitcoin yesterday, with a stronger upward momentum than Bitcoin, directly breaking through the 1850 pressure level, testing the 1870 level upward, and then began to pull back. Currently, the amount of Ethereum pledged is still far greater than the amount of unstaking, so it may continue to remain strong in the short term.
The daily level closed with a small positive line yesterday, but the volume did not keep up. The Bollinger Bands ran in parallel, supported by the middle Bollinger band of 1830. The Bollinger Bands at the 4-hour level opened, under pressure from the upper Bollinger band of 1870. KDJ showed signs of forming a death cross. Before it moves out of the range, the operation will continue to be light position and sell high and buy low.
Pay attention to the support of 1730-1750 below and the pressure of 1880-1900 above. It is recommended to short with a light position near 1850, with a stop loss above 1880, and a target of 1820-1800. If it falls back to 1800 but does not break, go long with a light position, with a stop loss below 1840, and a target of 1830-1840. The market changes in a myriad of ways, and the specific operation is mainly based on real-time strategies.
Due to the time of article delivery, the above views and suggestions are mainly based on real-time strategies. When placing orders, control positions reasonably and do not operate with heavy or full positions. Duoduo also hopes that all investors understand that the market is always right. If you are wrong, you should summarize your own problems and not let the profits that should have been obtained fly away. There is no need to be smarter than the market in investment. When the trend comes, respond and follow it; when there is no trend, observe and stay calm. It is not too late to wait for the trend to finally become clear before taking action. Tomorrow's success comes from today's choice. God rewards diligence, earth rewards kindness, humanity rewards sincerity, business rewards trust, industry rewards excellence, and art rewards the heart. Gains and losses are inadvertent. Develop the habit of strictly setting stop loss and take profit for each order. I wish you a happy investment!
