During the weekend, we witnessed the brilliant miracle of Bitcoin together, and the market heat suddenly rose. The more the market rises like this, the heart always makes people feel uneasy. Risks come from rising, and opportunities come from falling. If the choice between the two is the same, I believe many people will choose the latter, because the public's psychology is like this. The result of the fact is that retail investors flock to follow the market, and when it reaches a certain high point, it is time for the dealer to cut leeks. Teacher Tan has seen too many such situations. Risks and opportunities cannot have both. There are always some people who are deeply involved in risks and some who are in control of opportunities, which will lead to the market. No matter how long or short it is, there will always be people who will liquidate their positions and some people will make a lot of money. Today's market trend is vividly displayed.
In the next day's weekly review, Mr. Tan said firmly: "After the big rise, there must be a callback. As for where the callback will be, we need to wait patiently." It's like predicting the market of 312, because Tan The teacher's ideas never go according to the definition of the market, we need to defeat Zhuanggou from the perspective of the dealer. You have to remember that whether it is a bull market or a bear market, a big rise or fall in the market will cause a certain amount of long covering or short covering. This must be cautious for friends who trade contracts. If you blindly follow The market will be biased by the market sooner or later.
Since Bitcoin broke through the $60,000 mark last Saturday to a record high of $61,800, the short-term long and short positions have been repeatedly seen at around $60,000. Long and short are undoubtedly not tempting the hearts of the public. To be honest, I am also attracted by this market Confused by the shock, I dare not chase after it, and dare not be empty when I am empty. In the end, I can only choose to go long and short, and run away if I make money. This kind of market has been maintained at the time of today's European market. In the end, Bitcoin plunged rapidly. At the opening of the European market, it accelerated its downward trend, and the lowest fell to the line of 261.2 US dollars. The way the market goes up is how it goes down. Faced with such a market, Mr. Tan is not surprised at all, which is relatively a good thing. In the weekly commentary, it was also said that "the overall trend remains above the $60,000 mark, and this position will also become the dividing point for today's callback adjustment. To be honest, we need to be cautious about the market breaking high, because the rising trend is getting stronger. Quickly, the fall will be faster." Why do you say it is a good thing? The fall is for a better rise, which is an opportunity for both the contract and the spot.
Bitcoin (BTC): Bulls covered the gap, and institutions washed and sold, which is the result of today's sharp drop in Bitcoin. Bitcoin continued to fluctuate and drop today after closing in the negative the next day. Although the overall trend is to maintain an upward channel and the overall trend is on the high side, the bullish momentum seems to have weakened, and the price of the currency has also fallen below the MA5 moving average Support, if it continues to pull back, focus on the support of MA10 at $55,500. Since the bottoming on February 28 and the restart of the bull market, the currency price has been moving higher along the two moving averages, so the MA10 moving average is also our reference support point in case of a pullback. If it is above the $61,800 mark, it can be regarded as our short-term top. Whether it is a "short-term peak" remains to be seen. In the short-term, especially in four hours, it has fallen below the BOLL mid-rail position. The moving average has changed from a golden cross to a dead cross. The transition between support and resistance continues to move downward. In the short term, there is still a callback trend. The focus above is on the BOLL mid-rail at $58,900 One area is suppressed, and the bottom is focused on the support of 57,000 US dollars. The hourly line has already broken positions. It is advisable to take advantage of the trend in the short term, but it is not advisable to fight for a long time. Yes can stay much lower. If you are uncertain about the interpretation of technical market and news, or you have a set list, you can discuss it with Mr. Tan. Subscribe to the official account; Currency Circle Retail Alliance.
Short-term upper resistance level: 59000/59500 Short-term lower support level: 57200/56500
Ethereum (ETH): Bitcoin soared to a new high, and Ethereum was finally under pressure at the $2,000 mark. Bitcoin dived at a high level, and Ethereum fell sharply. It once fell below the $1,800 mark today. The recent general trend of Ethereum itself is driven by the big pie, and it has not stepped out of its own momentum at all, but we need to wait for the boost of good news. Technically, the momentum of Ethereum is weaker than that of Bitcoin, and it once tested the two moving averages in a continuous negative period. Once it breaks, there is still a risk of falling back in the short term. Of course, we need to look at the trend of Bitcoin. Looking at the daily line, Ethereum takes the middle track of BOLL at $1,650 as the bull defense stage, above which it can still be treated as a bull trend. In the short term, Ethereum is under pressure at $1,844, and the shock is downward. Below, focus on the support around $1,720. At present, Ethereum is also entering the adjustment stage, so in terms of operation, the teacher's suggestion is to carry out the idea of mainly multi-subsidiary and short-term.
Short-term upper resistance level: 1820/1840 Short-term lower support level: 1760/1720
The investment market is changing rapidly, and you may suddenly discover an unacceptable fact in a blink of an eye. You have been set up, and in severe cases, your position has been liquidated. Many friends may ask, why does it suddenly fall when the market is bullish? ? It doesn't make sense at all. The author remembered a sentence that often hangs on my lips in life. This may be the charm of the market. There are no surprises, and there are no surprises. In Tan Yu Kai's opinion, it is definitely not a good experience for friends who have been quilted. It is probably only frightening. After all, quilts are hard money. It is actually very simple to solve the problem, but the most important thing is to change the method of making orders. I have never seen a steady profit when operating against the trend. Most of them are just one or two orders. Operating habits. I hope you will reflect on these bad habits a lot, and you need to wait patiently for the market to unravel.
(Text/Talk about Yu Kai)
This article comes from the author Tan Yu Kai, please indicate the source when reprinting, please respect personal opinions, and do not plagiarize. The intraday market is changeable, and the article is time-sensitive and lagging. No express or implied guarantee is provided for the accuracy, reliability or completeness of the contained content.
(Text/Talk about Yu Kai)
