Bitcoin bottomed out, paying attention to important resistance levels, and whether decentralized transactions can become the biggest hot spot!

Yesterday, Bitcoin bottomed out at a minimum of $29,200, and beg an to fall back after hitting a maximum of $31,800. From the trend point of view, Bitcoin has gone out of falling wedge. If you can't break through the downtrend line as soon as possible, you may continue to hit a low point.

Yesterday, we compared the trend chart of 17 years with everyone, and concluded that bitcoin might go through a big shock before rising, to end this wave of adjustment. Before the earthquake, because the daily MA30 is still going up, there may be a reconfirmation o f the downtrend line, which is about $32,500, and the downward ad justment is about $26,000.

At present, the price is running in the expected way. Therefore, if t he downward trend line is confirmed again, everyone must be very careful. If it cannot be broken, it is necessary to take profit in time to avoid risks. If the price runs as expected, the target position should be around $50,000 after the target position breaks through the wedge.

Of course, the above analysis is only a personal point of view, and must not be operated according to it. This strategy is given because many fans like definite answers. Personally, I think the intraday trend is unpredictable, so don't have a definite answer in your heart, which will interfere with the operation.

Similarly, if ETH follows bitcoin adjustment, it may test the support of $1,000-$1,100 again, and then if it can break through the upward trend line, the high point will be around $1,800. Of course, the premise is that it must fall below rising wedge.

LTC is also a currency that people have a close relationship with, a nd it is also constantly hitting a new low. It is constantly suppresse d by the trend line, and its rebound is slightly weak. If it bounces after following bitcoin shocks, the expected target position is just around the pressure level of $220.

Of course, the above inferences are purely personal opinions and d o not constitute investment suggestions. It is possible to choose its direction downwards or break through the trend line ahead of time.

Undoubtedly, the most popular transaction recently is decentralized transaction, in which UNI, SUSHI and 1INCH have all gained huge gains. In addition, SNX and CRV also got good gains. Look from the lock volume, also entered the top ten. The market value of UNI has also reached the thirteenth place, which is half the market value of BNB, the leading currency of the platform. The hot money in the market is still very crazy.

On the whole, the market is basically in the repair after the decline, and only the hot currency has been quickly repaired and hit a new high. Everyone still needs to calm down, wait patiently for the mar ket to recover, and seize the opportunity of low absorption.