Daily market analysis[20210309] - Global stock markets are frustrated, and the currency circle's hedging properties are prominent
BTC
Judging from the current trend, Bitcoin has come out of this large range that fluctuated sideways at the bottom. Yesterday, when the market real hammer stood on the 89th line, it is recommended that you try to buy into the market. The reason has been repeated many times, that is, if you want to judge whether a currency has the ability to rise for a long time, then the market price of the currency must be Above the 89 line, and the 89 line must also be above the 200 line, this is a necessary condition, so the small partners who bought the market yesterday, the current profits are very good.
The small partners who have entered the market can continue to hold, while the current market of the small partners who have not entered the market is slightly embarrassing, because the current market is 9% from the 89 line and only 8% from the previous high of 58,318 The increase, the profit-loss ratio is less than 1:1, so there is no entry, but the small partners who want to enter the market should wait for the follow-up market to pull back, and pull back to around 51260 to buy into the market. The profit-loss ratio here is 1: 3. Meet our opening conditions. The lower support area is 48840, and the upper no resistance area.
ETH
Ether performed well, and the market continued to rebound. We can see from the 4-hour K-line trend that Ether presents a relatively smooth arc bottom shape. Although the 89 line of the current market is still below the 200 line, we can see signs that the 89 line has stopped falling and flattened. As long as the subsequent market continues to stay above the 200 line, the 89 line will eventually stop falling and flatten. , And began to turn its head upwards, entering an upward trend again.
Yesterday, after the 200 line of the market real hammer station, I have already recommended everyone to try to enter the market. The current profit of the small partners who have entered the market is still very good, and they can continue to hold; but the small partners who have not entered the market currently recommend temporarily Stay on the sidelines. If there is a correction in the subsequent market, it is more appropriate to pull back to the position of 1772 and enter the market. The lower support area is 1689, and the upper no resistance area.
DOT
The Polkadot market also has a relatively good rebound, but relative to the general rebound, the trading volume is also average. The way we buy Polkadot is also to require the market to stabilize at the second highest position, which is 38.67, before we choose. Enter, because after the market surpasses the second highest, we can also formally determine that Polkadot is still in an upward trend and it is worth buying. Before that, we should all mark Polkadot as a risky downtrend, and we should choose to wait and see. The lower support area is 29.68 and the upper resistance area is 38.67.