BTC

Last night, Bitcoin rose to a maximum of 52,000 and then launched a sharp correction. So far, the lowest point has been adjusted to 44111. The maximum correction during the period has exceeded 15%, which is quite exaggerated. In a short period of time, this kind of second sharp drop will actually have a very large impact on the overall market. I have reminded everyone a few days ago that although the rebound rate is not bad, we want to enter the market. , We must wait until the market real hammer stands firmly at the 4-hour level 90-period average buying line. Looking back, we can see that after Bitcoin's sharp drop and rebound this time, there was no real hammer to stand on the 90 line, so our little friends should not enter the market, and once again escaped this round of sharp decline. .

We need to be cautious about the next market trend. First of all, the market has formed a 4-hour MACD bottom divergence during the sharp decline of the market. At present, since the market has not stabilized, we are not sure about the bottom divergence this time. Will it really be effective, but because the market is already close to the 200 line, it is still possible to give priority to the support of the 200 line. We give priority to the 200 line as the support. If the market rebounds next time, and it does not fall below this time again The lowest point of the sharp drop is the low of 44111. Then we can try to establish our first position. After buying into the market, if the market price drops below the 200 line, we will stop the loss and exit the market in time. The lower support area is 42940, and the upper area has no resistance.

ETH

ETH's decline this time is also very large. Although the current market has not fallen below the previous low position again, in fact its market has actually fallen below the 4-hour level 200-period average buying line. This is a very bad performance. , Because in just a few days, the market once again fell below the 200 line, indicating that the support of the 200 line is no longer strong, and it has now become a resistance.

The good news is that in the process of this decline, the trading volume is not particularly large, indicating that there are not many people who choose to sell, and it is also possible to form a 4-hour MACD bottom divergence at the bottom, and there will be further market trends. Some expectations. However, our small partners who have bought into the market in the past few days should have left the market in time after the market fell below the 200 line. They should not wait and see; and the follow-up is because the market did not rise above what was said yesterday. It was high the second time ago, so we didn't enter the market either, so we escaped the callback this time.

Although the current market may actually rebound, it is not recommended that you go to buy bottoms because the Ether market has fallen below the 200 line. The lower support area is 1351, and the upper resistance area is 1628.

BCH

BCH reached 557.06 last night, which is 555.97 from its second highest, which is still a little away. I suggested that everyone should have a bottom-hunting mentality, and only choose to enter the market after the market has exceeded 555.97. The reason is that if a rebound occurs after a sharp drop, it will inevitably be a callback during the rebound, and the highest point before the callback It is the entry point after the next breakthrough, which is what we call 555.97 here. We can see that the market did not exceed this point, and the decisive real hammer fell below the 4-hour level 200-period average buying line, so at this time we should decisively leave the market and no longer wait and see. Those who have not entered the market are not recommended to enter the market at this time, because although a lot of people chose to buy bottoms during the last big drop, on the whole, the current trend has not changed, which is a continuous downward callback process. We have to consider entering the market, and we should also consider it when the market trend has reversed. The lower support area is 405 and the upper resistance area is 526.94.

DOT

Polkadot has also continued to pull back along with other mainstream currencies. The current market has actually fallen below the 4-hour 90-period average buying line. Although the trading volume was not very large during this decline, from a technical perspective, The market has been destroyed.

Next, if you want to be optimistic about Polkadot in the long-term, you have to wait for the market and consider entering the market after a substantial reversal. Our small partners who have entered the market earlier, including those who entered the market on the basis of the 90 line earlier The partner should choose to leave the game all here, and no longer wait and see.

Those who have not entered the market are advised to continue to wait. If the follow-up market can rebound again to stabilize at the 90 line, then we still have a chance to enter the market, otherwise we will wait forever. The lower support area is 24.72 and the upper resistance area is 31.98.