Daily market analysis[20210222] - The first Bitcoin ETF went online, and the response was intense
BTC
In the early hours of this morning, the market for Bitcoin once again broke a record high, reaching 58326.18. During this period, the transaction volume was still low. Investors were still mainly waiting and watching. Presumably everyone has become accustomed to the rise of Bitcoin. It will not be more surprised how big the rise is. After the market breaks through 50,000, we remind everyone that we need to pay attention, because we can clearly see that after the market breaks through the price of 50,000, the trading volume begins to gradually shrink. This is a shrinking increase in technical terms. Next There will be two choices for the market trend of China. One is the violent increase of heavy volume, but if the follow-up violent increase of heavy volume. If the volume does not increase but the volume plummets, then it may prove that the bull market has ended, so we need to pay attention to it regardless of whether it is a sharp rise or a plummet. phenomenon. The lower support area is 50000 and the upper no resistance area.
ETH
Ether has a lot of callbacks today, and even the strength of the subsequent rebound is not very strong. The market has continued to approach the 4-hour 90-period average buying line. When the previous market was close to the 90 line, many people chose By bargain hunting, we can see that the K-line has left a relatively long lower shadow, and the volume is also very large, but the current market has pulled back. The next point is that we need to pay attention to whether the 90-line can support the market. There are two choices; first, if there is no small partner who has entered the market, and the 90 line is always considered as the measurement standard, you can consider when the market gets closer to the 90 line, but is not broken by the real hammer Buy low, so the profit-loss ratio is very high; and for the small partners who have already held, the problem we are facing is that the next market cannot fall below the 90 line. Once the real hammer falls below, we need to timely Take profit and leave the game, don't imagine the subsequent violent rebound. The lower support area is 1820.51, and the upper no resistance area.
BCH
BCH also had a very good rebound action yesterday, and the rebound strength is still relatively large, but the problem has been analyzed before. The problem of BCH is that there are more burrs on the K-line, and the K-line burr at the 4-hour level is a more serious problem, because the greater the time period, the lower the probability of the burr on the K-line, and BCH has continued for more. This trend of the day, so the price is extremely unstable, indicating that the turnover rate is very high, many people choose to take profit and leave the market. Therefore, it is always not recommended for everyone to buy BCH at one time. Instead, you should consider trying to enter BCH in a short-term fixed investment, and make a long-term plan to buy in a short-term irregular fixed investment, so you have the opportunity to be in the BCH plummeting market , We buy at the bottom. In the large time period of this method, we will also have the opportunity to choose to sell when BCH is skyrocketing, thus achieving continuous buying low and selling high. By doing this in the big cycle, we will earn huge profits. The lower support area is 625, and the upper no resistance area.
DOT
The current market of Polkadot has begun to show signs of correction. The trading volume during the callback process is generally good, which is good. After Polkadot has broken through a new high in the past few days, based on the current situation, It belongs to the normal high-level sideways shock phase. We believe that Polkadot’s early trading volume was very high during the upswing, and that this breakthrough was an actual increase. Therefore, the trend of sideways fluctuations in the next period of time is not surprising. We have already held small It is fine if the partner continues to hold it, and the small partner who has not entered the market is not recommended to enter the market, and it is better to stay on the sidelines. The lower support area is 27.45, and the upper no resistance area.