Mr. Coin in the Coin Circle: 10.10 Bitcoin (BTC) Market Analysis Reference

Bitcoin continued to recover yesterday. Yesterday's article also mentioned that the overall trend was weak. Yesterday's article also gave a short-order strategy to successfully exit the market. The price also failed to break through the 62,500 line of pressure after multiple attempts during the day. The price also ushered in a strong correction at night. The previous gains were slowly swallowed up. The recent low reached 60,800 before rebounding. As of today, the bulls' sentiment is sluggish, and the rebound strength has weakened again. If it falls below the 2-day Bollinger middle axis support of 60,500, the price is expected to break through the 60,000 line.

From the daily chart, the trend ended with negative lines for three consecutive days. Yesterday's repair also failed to break through the 63,000 line to stabilize. The subsequent rebound began to be weak. The downward trend that was temporarily suspended yesterday broke out again today. The intraday high was under pressure near 62,560. From the daily chart, there is a long shadow above, which shows that the suppression is still relatively strong.

From the short-term hourly chart, the EMA moving averages are higher than the currency price, and the overall trend is still weak. The intraday situation has entered a slow rise and fast fall rhythm, and the overall short position has a slight advantage. The upper five-day moving average and the seven-day moving average cross the EMA240 moving average to form a line of suppression. If it cannot break through in a short time, the price may fall again. On the contrary, it will further test the middle track of the Bollinger Band near 62,500. I hope you will be prepared in advance. Bitcoin has entered a volatile downward trend. It is recommended to rebound short orders as the main operation during the day, and long orders as the auxiliary.

10.10 Bitcoin short-term reference:

For long orders, pay attention to the break of the 2-day Bollinger middle axis support (60500), long in the 59500-60000 range, defend 58500 to make up, stop loss 58000, target above 60500,

Short order, short in the 61500-61800 range, target below 61000, defend 63000 to make up, stop loss 300

10.10 Ethereum short-term reference:

Short order: 2441-2460 short, defend 2560 to make up, stop loss: 2590 target below 2400,

For long orders, pay attention to 2340- 2310 range, stop loss 50 points, target above 2380,

There is a delay in sending the chapter, the strategy suggestions are for reference only, the market changes rapidly, no matter how high your judgment of the market is, you must take the stop profit and stop loss well, and put the money in the bag

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