The village chief said 11.01 market analysis, what to watch this week and what to watch today

Preface

On October 31, 2008, Satoshi Nakamoto released the BTC white paper "Bitcoin: A Peer-to-Peer Electronic Cash System", which has been released for 15 years and has forever changed the financial world. The BTC network was officially launched on January 3, 2009.

Market review

The market consolidated and rebounded yesterday, reaching a maximum of around 34740, and then slowly fell back. Now the market has entered the second stage, with high fluctuations.

There has been strong support below 34,000 for several days. Once it hits this point, it will rebound. The upper level around 34,800 is also repeatedly testing for breakthroughs. Now the market has entered an inflection point. Should it break through 34,800 first, surge higher, or fall back below 34,000 first? , consolidation. The editor personally feels that we still need to watch tonight's interest rate discussion, although there is a high probability that there will be no interest rate increase. But no matter whether it is the first to rush or the first to fall, now should be the time to ship. The first to rush high is likely to fall back, and the first to fall is consolidation, so take your time.

Today’s highlights and this week’s views:

During the day, I will wait and see whether the market will fall below 34,000. If it falls below 34,000, it is expected that a small level of retracement will begin today. At least I saw around 33600. On the contrary, look at the evening, when 34,000 stabilizes and starts the charge of 34,800, and if it breaks 34,800, it will be a new high. If the price rises below 34,800 at night, you may want to wait until the price reaches 34,800. Looking at it now, the amount of funds has been enlarged and has reached a certain amount, but how many are retail investors and how many are institutional? Be cautious in pursuing higher prices.

The current upgrade of the two cakes is delayed, and it is obvious that the upward trend is weak. Yesterday, the highest reached around 1831 and the previous high was blocked. Today, we will first look back and test the 1800 line. The big support level below is between 1760-1780. Let’s see if it can stabilize 1800 in the afternoon. On the first line, if it stabilizes, it will continue to rise. The second coin is currently eyeing the big coin, and the small coins have begun to slowly pull back. The market outlook is still mainly wait and see. The major support is between 1680-1710. If it falls between 1740-1700, you can try to place long orders. The lowest level is 1680, and the upper level is around 1850. The article contains personal opinions and does not constitute investment advice.